Invesco Mortgage Capital (NYSE:IVR) Shares Gap Down – Here’s Why

Invesco Mortgage Capital Inc. (NYSE:IVR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.62, but opened at $8.43. Invesco Mortgage Capital shares last traded at $8.20, with a volume of 1,479,853 shares traded.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.

Invesco Mortgage Capital Stock Performance

The company has a fifty day moving average of $8.52 and a two-hundred day moving average of $8.49. The company has a market cap of $500.94 million, a PE ratio of 12.50 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.21). The business had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, equities analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 16.76%. Invesco Mortgage Capital’s dividend payout ratio is presently 246.15%.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in IVR. California State Teachers Retirement System grew its holdings in Invesco Mortgage Capital by 10.8% during the 4th quarter. California State Teachers Retirement System now owns 51,141 shares of the real estate investment trust’s stock worth $412,000 after acquiring an additional 4,988 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $391,000. ProShare Advisors LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter valued at approximately $125,000. Deutsche Bank AG raised its stake in Invesco Mortgage Capital by 76.2% in the fourth quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 20,038 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Invesco Mortgage Capital by 19.6% during the fourth quarter. Cetera Investment Advisers now owns 127,088 shares of the real estate investment trust’s stock worth $1,023,000 after buying an additional 20,788 shares during the period. 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.