Invesco Mortgage Capital (NYSE:IVR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Invesco Mortgage Capital Inc (NYSE:IVR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.96 and traded as high as $8.82. Invesco Mortgage Capital shares last traded at $8.81, with a volume of 3,076,454 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Compass Point began coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 target price on the stock. Finally, Zacks Research downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.25.

Invesco Mortgage Capital Price Performance

The firm has a market cap of $625.07 million, a price-to-earnings ratio of 6.88 and a beta of 1.76. The firm’s 50 day moving average price is $8.63 and its 200-day moving average price is $7.97.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The business had revenue of $56.06 million for the quarter, compared to analyst estimates of $47.99 million. Analysts expect that Invesco Mortgage Capital Inc will post 2.49 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, January 26th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 16.3%. The ex-dividend date of this dividend is Monday, January 26th. Invesco Mortgage Capital’s dividend payout ratio is 112.50%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several large investors have recently bought and sold shares of IVR. Jones Financial Companies Lllp grew its holdings in shares of Invesco Mortgage Capital by 4,329.2% in the 1st quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 16,624 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco Mortgage Capital by 9.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock valued at $2,907,000 after purchasing an additional 31,410 shares during the period. Jane Street Group LLC bought a new position in Invesco Mortgage Capital in the 1st quarter valued at approximately $144,000. Strs Ohio bought a new position in Invesco Mortgage Capital in the first quarter valued at about $82,000. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Invesco Mortgage Capital by 72.5% during the second quarter. KLP Kapitalforvaltning AS now owns 16,650 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 7,000 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.