Invesco Mortgage Capital (NYSE:IVR) Shares Gap Down – Time to Sell?

Invesco Mortgage Capital Inc. (NYSE:IVR) gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

Invesco Mortgage Capital Price Performance

The company’s 50 day moving average price is $8.55 and its 200 day moving average price is $8.48. The firm has a market capitalization of $532.30 million, a P/E ratio of 12.55 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data 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 return on equity of 34.61% and a net margin of 20.90%. The firm had revenue of $13.68 million during the quarter, compared to analyst estimates of $50.18 million. On average, research analysts anticipate that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 16.68%. The ex-dividend date is Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is presently 209.23%.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Invesco Mortgage Capital by 427.0% during 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 buying an additional 3,758 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Invesco Mortgage Capital during the fourth quarter valued at approximately $50,000. McIlrath & Eck LLC acquired a new position in Invesco Mortgage Capital during the third quarter valued at approximately $62,000. Russell Investments Group Ltd. increased its stake in Invesco Mortgage Capital by 55.6% in the fourth quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 3,272 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Invesco Mortgage Capital in the fourth quarter worth $81,000. 40.54% of the stock is owned by institutional investors and hedge funds.

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.