Invesco Mortgage Capital Inc (NYSE:IVR) Short Interest Up 172.5% in November

Invesco Mortgage Capital Inc (NYSE:IVR) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,252,981 shares, an increase of 172.5% from the November 15th total of 1,561,001 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average daily volume of 3,806,380 shares, the short-interest ratio is presently 1.1 days.

In other news, EVP David B. Lyle purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $16.97 per share, with a total value of $33,940.00. Following the purchase, the executive vice president now owns 17,268 shares in the company, valued at $293,037.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its stake in Invesco Mortgage Capital by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 488 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Invesco Mortgage Capital in the third quarter worth $172,000. Investment Centers of America Inc. acquired a new stake in shares of Invesco Mortgage Capital in the second quarter worth $180,000. Stevens Capital Management LP acquired a new stake in shares of Invesco Mortgage Capital in the third quarter worth $204,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Invesco Mortgage Capital in the third quarter worth $213,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 price target on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.13.

Invesco Mortgage Capital (NYSE IVR) traded up $0.30 during midday trading on Thursday, hitting $17.84. 1,370,157 shares of the company traded hands, compared to its average volume of 1,324,282. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market cap of $1,980.00, a price-to-earnings ratio of 5.61 and a beta of 0.86. Invesco Mortgage Capital has a 1 year low of $14.15 and a 1 year high of $18.86.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The firm had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.85 million. During the same quarter in the previous year, the business posted $0.41 EPS. Invesco Mortgage Capital’s revenue was up 9.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.42 per share. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, December 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 9.42%. Invesco Mortgage Capital’s dividend payout ratio is presently 52.83%.

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Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

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