Invesco Mortgage Capital (NYSE:IVR) Sets New 52-Week Low - Here's Why

Key Points

• Invesco Mortgage Capital shares hit a new 52-week low, trading as low as $6.36 and remaining below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but averages a “Hold” rating, with a consensus price target of $8.38; ratings range from Buy to Sell.
• The company met quarterly EPS expectations at $0.50 but reported revenue of $30.1 million, below the $46.48 million consensus estimate. It also declared a monthly $0.12 dividend, representing a reported 22.5% annualized yield.

Shares of Invesco Mortgage Capital Inc (NYSE:IVR - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $6.36 and last traded at $6.3850, with a volume of 776258 shares trading hands. The stock had previously closed at $6.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IVR shares. UBS Group set a $7.75 target price on shares of Invesco Mortgage Capital and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Zacks Research downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. Weiss Ratings lowered Invesco Mortgage Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Invesco Mortgage Capital presently has an average rating of "Hold" and a consensus target price of $8.38.

Invesco Mortgage Capital Stock Down 1.0%

The company's fifty day moving average is $7.30 and its two-hundred day moving average is $7.78. The stock has a market cap of $688.36 million, a price-to-earnings ratio of 4.31 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The company had revenue of $30.10 million for the quarter, compared to the consensus estimate of $46.48 million. Sell-side analysts predict that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 28th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 22.5%. The ex-dividend date of this dividend is Monday, September 28th. Invesco Mortgage Capital's dividend payout ratio is 97.30%.

Institutional Trading of Invesco Mortgage Capital

A number of institutional investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at about $60,000. Global Retirement Partners LLC purchased a new stake in Invesco Mortgage Capital during the second quarter worth approximately $70,000. Oxford Financial Group LTD. LLC acquired a new position in Invesco Mortgage Capital in the second quarter valued at approximately $79,000. Able Wealth Management LLC acquired a new position in Invesco Mortgage Capital in the first quarter valued at approximately $87,000. Finally, Equitable Holdings Inc. purchased a new position in Invesco Mortgage Capital in the second quarter valued at approximately $90,000. 40.54% of the stock is owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc NYSE: IVR is a real estate investment trust that invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.

The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.

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