Shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) gapped down prior to trading 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.
Separately, JMP Securities restated a "market perform" rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.
Read Our Latest Analysis on IVR
The stock has a 50-day moving average price of $8.52 and a 200-day moving average price of $8.49. The stock has a market cap of $500.94 million, a P/E ratio of 12.50 and a beta of 1.93.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.21). Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. Sell-side analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 16.76%. Invesco Mortgage Capital's payout ratio is currently 246.15%.
Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Invesco Mortgage Capital by 427.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 3,758 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Invesco Mortgage Capital in the fourth quarter worth $50,000. McIlrath & Eck LLC bought a new stake in Invesco Mortgage Capital during the third quarter valued at approximately $62,000. Russell Investments Group Ltd. increased its stake in shares of Invesco Mortgage Capital by 55.6% in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Invesco Mortgage Capital in the fourth quarter worth about $81,000. Hedge funds and other institutional investors own 40.54% of the company's stock.
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.
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