INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Get Free Report) shares saw an uptick in trading volume on Monday . 1,156,221 shares changed hands during trading, a decline of 24% from the previous session's volume of 1,513,864 shares.The stock last traded at $7.74 and had previously closed at $7.73.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a report on Friday, May 9th.
View Our Latest Analysis on IVR
INVESCO MORTGAGE CAPITAL Stock Down 6.1%
The firm's 50 day simple moving average is $7.59 and its 200 day simple moving average is $7.89. The company has a market cap of $499.83 million, a price-to-earnings ratio of 18.05 and a beta of 1.62.
INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $18.82 million for the quarter, compared to analysts' expectations of $44.71 million. INVESCO MORTGAGE CAPITAL had a return on equity of 32.00% and a net margin of 17.27%. Analysts anticipate that INVESCO MORTGAGE CAPITAL INC will post 2.49 EPS for the current fiscal year.
INVESCO MORTGAGE CAPITAL Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.94%. The ex-dividend date of this dividend is Monday, July 7th. INVESCO MORTGAGE CAPITAL's dividend payout ratio is currently 323.81%.
Hedge Funds Weigh In On INVESCO MORTGAGE CAPITAL
Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in INVESCO MORTGAGE CAPITAL by 419.4% during the first quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust's stock valued at $150,000 after buying an additional 1,535 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of INVESCO MORTGAGE CAPITAL by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 3,758 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of INVESCO MORTGAGE CAPITAL in the 4th quarter worth approximately $50,000. Russell Investments Group Ltd. raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 55.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 3,272 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in INVESCO MORTGAGE CAPITAL during the fourth quarter valued at approximately $81,000. Institutional investors own 40.54% of the company's stock.
About INVESCO MORTGAGE CAPITAL
(
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Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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