Invesco Mortgage Capital Inc. (NYSE:IVR) Short Interest Up 52.0% in December

Invesco Mortgage Capital Inc. (NYSE:IVR) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,540,000 shares, an increase of 52.0% from the December 15th total of 4,960,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 5.7 days. Approximately 12.5% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

Invesco Mortgage Capital Price Performance

IVR stock traded up $0.06 during trading on Friday, hitting $8.14. 922,247 shares of the stock traded hands, compared to its average volume of 1,400,920. The stock has a market cap of $494.04 million, a price-to-earnings ratio of 6.78 and a beta of 1.86. Invesco Mortgage Capital has a 1 year low of $7.47 and a 1 year high of $9.97. The firm’s 50 day moving average is $8.23 and its two-hundred day moving average is $8.63.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same period last year, the business earned $1.51 EPS. As a group, analysts anticipate that Invesco Mortgage Capital will post 3.06 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 19.67%. The ex-dividend date is Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio is currently 133.33%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IVR. Headlands Technologies LLC bought a new stake in shares of Invesco Mortgage Capital in the second quarter worth $33,000. McIlrath & Eck LLC purchased a new position in Invesco Mortgage Capital in the third quarter worth about $62,000. Zacks Investment Management bought a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $94,000. Intech Investment Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $121,000. Finally, 180 Wealth Advisors LLC lifted its stake in shares of Invesco Mortgage Capital by 22.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,542 shares during the period. 40.54% of the stock is 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.