StockNews.com Lowers Invesco Mortgage Capital (NYSE:IVR) to Sell

StockNews.com cut shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research report released on Monday morning.

Invesco Mortgage Capital Trading Up 2.7 %

Shares of NYSE:IVR opened at $8.79 on Monday. The stock has a market capitalization of $427.57 million, a P/E ratio of -10.98 and a beta of 1.88. Invesco Mortgage Capital has a 1-year low of $6.34 and a 1-year high of $12.37. The business has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $8.57.

Invesco Mortgage Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.60 annualized dividend and a dividend yield of 18.21%. Invesco Mortgage Capital’s payout ratio is currently -200.00%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in shares of Invesco Mortgage Capital by 100.1% during the 1st quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,425 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Invesco Mortgage Capital by 63.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 3,192 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Invesco Mortgage Capital by 500.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 7,544 shares in the last quarter. Valley Brook Capital Group Inc. bought a new stake in Invesco Mortgage Capital in the 4th quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Invesco Mortgage Capital by 24.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 2,662 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

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.