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

StockNews.com lowered shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Invesco Mortgage Capital Trading Up 1.1 %

NYSE:IVR traded up $0.10 during trading hours on Wednesday, reaching $9.25. 1,014,020 shares of the company traded hands, compared to its average volume of 948,150. The business’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $8.62. The stock has a market capitalization of $449.91 million, a P/E ratio of -11.56 and a beta of 1.87. Invesco Mortgage Capital has a 1 year low of $6.34 and a 1 year high of $12.37.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 17.31%. The ex-dividend date of this dividend was Friday, April 5th. Invesco Mortgage Capital’s payout ratio is -200.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVR. Vanguard Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,718,590 shares of the real estate investment trust’s stock worth $37,223,000 after purchasing an additional 110,709 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Invesco Mortgage Capital in the 3rd quarter worth $4,349,000. Jupiter Asset Management Ltd. bought a new stake in shares of Invesco Mortgage Capital in the 3rd quarter worth $3,144,000. CastleKnight Management LP bought a new stake in shares of Invesco Mortgage Capital in the 4th quarter worth $2,752,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Invesco Mortgage Capital by 11.7% in the fourth quarter. Wolverine Asset Management LLC now owns 302,600 shares of the real estate investment trust’s stock worth $2,681,000 after acquiring an additional 31,711 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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.