Invesco Mortgage Capital (NYSE:IVR) Hits New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $5.61 and last traded at $5.6250, with a volume of 306274 shares changing hands. The stock had previously closed at $5.72.

Analyst Ratings Changes

Several brokerages recently issued reports on IVR. UBS Group set a $7.75 price objective on Invesco Mortgage Capital and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Weiss Ratings lowered Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Zacks Research downgraded Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.38.

View Our Latest Report on Invesco Mortgage Capital

Invesco Mortgage Capital Trading Down 1.1%

The stock has a market capitalization of $608.70 million, a price-to-earnings ratio of 3.82 and a beta of 1.69. The company has a fifty day moving average of $6.98 and a two-hundred day moving average of $7.64.

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last released its quarterly earnings results 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 analyst estimates of $46.48 million. As a group, sell-side analysts predict that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.44 dividend on an annualized basis and a yield of 25.5%. Invesco Mortgage Capital’s payout ratio is currently 97.30%.

Institutional Investors Weigh In On Invesco Mortgage Capital

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

About Invesco Mortgage Capital

(Get Free Report)

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.

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