Invesco Mortgage Capital Inc. (NYSE:IVR) Sees Significant Growth in Short Interest

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,060,000 shares, a growth of 14.6% from the February 29th total of 2,670,000 shares. Currently, 6.3% of the shares of the company are short sold. Based on an average daily trading volume, of 960,300 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on Invesco Mortgage Capital in a research note on Wednesday, December 6th. They issued a "neutral" rating and a $8.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of "Hold" and an average price target of $9.83.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR traded down $0.14 during trading on Tuesday, hitting $9.49. 1,040,182 shares of the company's stock were exchanged, compared to its average volume of 922,637. The company has a market cap of $461.88 million, a price-to-earnings ratio of -11.94 and a beta of 1.88. The business's 50-day simple moving average is $9.00 and its 200 day simple moving average is $8.72. Invesco Mortgage Capital has a 52-week low of $6.34 and a 52-week high of $12.37.

Invesco Mortgage Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 8th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 16.86%. The ex-dividend date of this dividend is Friday, April 5th. Invesco Mortgage Capital's dividend payout ratio is presently -200.00%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Invesco Mortgage Capital by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust's stock valued at $89,067,000 after purchasing an additional 6,089,233 shares in the last quarter. BlackRock Inc. grew its stake in Invesco Mortgage Capital by 7.1% during the 1st quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust's stock worth $126,578,000 after buying an additional 3,700,042 shares during the last quarter. State Street Corp grew its stake in Invesco Mortgage Capital by 14.7% during the 1st quarter. State Street Corp now owns 11,943,815 shares of the real estate investment trust's stock worth $27,232,000 after buying an additional 1,527,774 shares during the last quarter. Renaissance Technologies LLC grew its stake in Invesco Mortgage Capital by 399.3% during the 1st quarter. Renaissance Technologies LLC now owns 692,500 shares of the real estate investment trust's stock worth $1,579,000 after buying an additional 553,800 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in Invesco Mortgage Capital during the 3rd quarter worth $4,349,000. Hedge funds and other institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Company Profile

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.