Invesco Mortgage Capital Sees Unusually High Options Volume (NYSE:IVR)

Invesco Mortgage Capital Inc (NYSE:IVR) was the recipient of some unusual options trading on Friday. Stock traders purchased 59,068 call options on the stock. This is an increase of approximately 14,854% compared to the typical daily volume of 395 call options.

Analyst Ratings Changes

A number of research analysts recently issued reports on IVR shares. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 22nd. Compass Point started coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.25.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of IVR. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock worth $28,180,000 after buying an additional 50,548 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Invesco Mortgage Capital by 3.8% during the 3rd quarter. Invesco Ltd. now owns 2,356,631 shares of the real estate investment trust’s stock worth $17,816,000 after acquiring an additional 86,915 shares during the period. Geode Capital Management LLC increased its holdings in shares of Invesco Mortgage Capital by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,577,067 shares of the real estate investment trust’s stock worth $12,366,000 after acquiring an additional 70,151 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Invesco Mortgage Capital by 7.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock valued at $11,674,000 after acquiring an additional 113,608 shares during the period. Finally, Millennium Management LLC raised its stake in Invesco Mortgage Capital by 1,607.0% in the 3rd quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock valued at $11,517,000 after acquiring an additional 1,434,149 shares during the period. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Down 0.1%

IVR stock opened at $8.63 on Friday. The company has a market cap of $611.94 million, a price-to-earnings ratio of 16.91 and a beta of 1.71. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.06. The business has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $7.73.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.The company had revenue of ($22.71) million during the quarter, compared to the consensus estimate of $45.40 million. On average, equities research analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Monday, December 29th will be given a $0.36 dividend. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.7%. Invesco Mortgage Capital’s payout ratio is 266.67%.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.