Short Interest in Invesco Mortgage Capital Inc. (NYSE:IVR) Grows By 18.6%

Invesco Mortgage Capital Inc. (NYSE:IVR) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,380,000 shares, an increase of 18.6% from the August 15th total of 2,850,000 shares. Based on an average daily volume of 798,200 shares, the short-interest ratio is presently 4.2 days. Currently, 7.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed an “underperform” rating and set a $10.50 price target on shares of Invesco Mortgage Capital in a research note on Tuesday, August 8th. StockNews.com assumed coverage on shares of Invesco Mortgage Capital in a research note on Thursday, August 17th. They set a “sell” rating for the company.

Hedge Funds Weigh In On Invesco Mortgage Capital

Large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in Invesco Mortgage Capital by 7.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,625 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 892 shares during the last quarter. FMR LLC lifted its stake in Invesco Mortgage Capital by 38.7% during the 1st quarter. FMR LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 954 shares during the period. Amalgamated Bank lifted its stake in shares of Invesco Mortgage Capital by 7.2% in the 4th quarter. Amalgamated Bank now owns 15,897 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 1,064 shares during the period. American International Group Inc. lifted its stake in shares of Invesco Mortgage Capital by 6.3% in the 4th quarter. American International Group Inc. now owns 19,322 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 1,145 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Invesco Mortgage Capital by 10.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,937 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 49.58% of the company’s stock.

Invesco Mortgage Capital Trading Down 0.9 %

NYSE:IVR opened at $10.85 on Tuesday. Invesco Mortgage Capital has a 12 month low of $9.48 and a 12 month high of $15.56. The stock has a market capitalization of $483.69 million, a price-to-earnings ratio of -6.87 and a beta of 1.67. The firm has a fifty day simple moving average of $11.23 and a two-hundred day simple moving average of $10.97.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 14.75%. The ex-dividend date of this dividend was Friday, June 30th. Invesco Mortgage Capital’s dividend payout ratio is -101.27%.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.