Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 3,980,000 shares, an increase of 19.9% from the March 31st total of 3,320,000 shares. Based on an average trading volume of 944,900 shares, the days-to-cover ratio is presently 4.2 days. Currently, 8.2% of the company's stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new stake in shares of Invesco Mortgage Capital during the third quarter valued at $4,349,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Invesco Mortgage Capital during the third quarter valued at $3,144,000. CastleKnight Management LP purchased a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at $2,752,000. Wolverine Asset Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the third quarter valued at $2,712,000. Finally, Vanguard Group Inc. boosted its stake in shares of Invesco Mortgage Capital by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,718,590 shares of the real estate investment trust's stock valued at $37,223,000 after purchasing an additional 110,709 shares during the period. Institutional investors own 40.54% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a research note on Monday.
Check Out Our Latest Report on IVR
Invesco Mortgage Capital Price Performance
Shares of IVR traded up $0.23 on Wednesday, reaching $8.79. The company's stock had a trading volume of 1,478,597 shares, compared to its average volume of 951,793. The stock has a market capitalization of $427.57 million, a P/E ratio of -10.99 and a beta of 1.88. The stock's 50 day simple moving average is $8.94 and its two-hundred day simple moving average is $8.57. Invesco Mortgage Capital has a 12-month low of $6.34 and a 12-month high of $12.37.
Invesco Mortgage Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 18.21%. The ex-dividend date was Friday, April 5th. Invesco Mortgage Capital's dividend payout ratio is presently -200.00%.
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.
Further Reading
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