Invesco Mortgage Capital (NYSE:IVR) Shares Gap Down - Here's Why

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) shares 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.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Invesco Mortgage Capital Stock Performance

The firm has a market capitalization of $517.29 million, a PE ratio of 12.19 and a beta of 1.93. The company's 50-day moving average price is $8.54 and its 200-day moving average price is $8.48.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21). The company had revenue of $13.68 million during the quarter, compared to analysts' expectations of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. As a group, analysts anticipate that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 annualized dividend and a yield of 17.16%. Invesco Mortgage Capital's dividend payout ratio is presently 209.23%.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Invesco Mortgage Capital by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after buying an additional 3,758 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Invesco Mortgage Capital in the 4th quarter valued at $50,000. McIlrath & Eck LLC purchased a new stake in Invesco Mortgage Capital in the 3rd quarter valued at $62,000. Russell Investments Group Ltd. grew its position in Invesco Mortgage Capital by 55.6% during the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 3,272 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at $81,000. Institutional investors and hedge funds 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.