Invesco Mortgage Capital (NYSE:IVR) Stock Price Down 2.8% - Here's What Happened

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) dropped 2.8% during mid-day trading on Wednesday . The stock traded as low as $7.80 and last traded at $7.82. Approximately 1,037,748 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,614,130 shares. The stock had previously closed at $8.04.

Wall Street Analyst Weigh In

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

Invesco Mortgage Capital Stock Down 5.3 %

The stock has a market capitalization of $429.17 million, a P/E ratio of 10.12 and a beta of 1.43. The business has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.43.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 dividend on an annualized basis and a yield of 20.68%. Invesco Mortgage Capital's dividend payout ratio (DPR) is 209.23%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in shares of Invesco Mortgage Capital in the third quarter worth $121,000. Charles Schwab Investment Management Inc. grew its stake in shares of Invesco Mortgage Capital by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,296 shares of the real estate investment trust's stock valued at $4,012,000 after purchasing an additional 15,503 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Invesco Mortgage Capital by 136.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 113,355 shares of the real estate investment trust's stock valued at $1,064,000 after purchasing an additional 65,409 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Invesco Mortgage Capital by 6.1% in the 3rd quarter. Verition Fund Management LLC now owns 69,752 shares of the real estate investment trust's stock worth $655,000 after purchasing an additional 4,002 shares during the period. Finally, State Street Corp boosted its holdings in shares of Invesco Mortgage Capital by 1.3% in the third quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust's stock worth $9,517,000 after buying an additional 12,557 shares during the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

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.