Updated
Updated · MarketWatch · Apr 29Invesco Mortgage Capital Inc. stock slips 2.29% to $8.09, underperforms competitors
6 articles · Updated · MarketWatch · Apr 29
- IVR shares fell for a third consecutive day, closing 14.84% below their 52-week high of $9.50.
- The stock underperformed rivals like PennyMac, AGNC, and MFA, while trading volume was 529,541 below its 50-day average at 1.7 million.
- The decline occurred during a mixed market session, with the NASDAQ rising 0.04% and the Dow Jones falling 0.57%.
Was the January surge from President Trump's bond-buying plan just a temporary 'sugar high' for mortgage REITs? IVR's stock now trades at its book value. Does this signal a bottom or a value trap for investors? A new CEO takes over IVR on May 1st. What will his first move be to stop the stock's slide? IVR is lagging its peers. What are its rivals doing right that the company is getting wrong? With its payout ratio over 100%, can IVR's massive 17.5% dividend possibly survive the year?