Invesco Mortgage Capital Inc. (NYSE:IVR) Sees Significant Increase in Short Interest

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,880,000 shares, an increase of 18.0% from the March 15th total of 6,680,000 shares. Currently, 12.1% of the company's stock are short sold. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is presently 4.1 days.

Invesco Mortgage Capital Trading Up 2.5 %

IVR stock traded up $0.17 during mid-day trading on Thursday, hitting $7.08. 1,424,489 shares of the company were exchanged, compared to its average volume of 1,419,088. The business has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $8.18. The stock has a market capitalization of $462.13 million, a PE ratio of 10.89 and a beta of 1.43. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.97.

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

Invesco Mortgage Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 19.21%. Invesco Mortgage Capital's dividend payout ratio is presently 209.23%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several institutional investors have recently bought and sold shares of IVR. PL Capital Advisors LLC lifted its holdings in Invesco Mortgage Capital by 705.0% during the fourth quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust's stock valued at $25,921,000 after purchasing an additional 2,820,000 shares during the last quarter. Invesco Ltd. raised its position in shares of Invesco Mortgage Capital by 2,346.8% in the fourth quarter. Invesco Ltd. now owns 2,324,820 shares of the real estate investment trust's stock worth $18,715,000 after buying an additional 2,229,805 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Invesco Mortgage Capital by 100.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,457,258 shares of the real estate investment trust's stock valued at $11,731,000 after acquiring an additional 730,497 shares during the last quarter. Vanguard Group Inc. raised its position in Invesco Mortgage Capital by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,193,984 shares of the real estate investment trust's stock valued at $25,712,000 after purchasing an additional 206,355 shares in the last quarter. Finally, EMG Holdings L.P. purchased a new stake in Invesco Mortgage Capital during the fourth quarter valued at about $1,214,000. Institutional investors own 40.54% of the company's stock.

Wall Street Analyst Weigh In

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

About Invesco Mortgage Capital

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.