StockNews.com cut shares of Invesco Mortgage Capital (NYSE:IVR – Free Report) 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
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.
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