Invesco Mortgage Capital (NYSE:IVR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Invesco Mortgage Capital Inc (NYSE:IVR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.15 and traded as high as $8.24. Invesco Mortgage Capital shares last traded at $8.1550, with a volume of 1,734,258 shares changing hands.

Wall Street Analysts Forecast Growth

IVR has been the topic of several research analyst reports. Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Compass Point initiated coverage on Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 target price on the stock. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Stock Performance

The firm has a market cap of $706.47 million, a price-to-earnings ratio of 6.35 and a beta of 1.72. The firm has a 50-day moving average price of $8.36 and a two-hundred day moving average price of $8.15.

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

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a yield of 17.7%. Invesco Mortgage Capital’s payout ratio is 112.50%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock worth $28,180,000 after buying an additional 50,548 shares during the period. Invesco Ltd. increased its position in Invesco Mortgage Capital by 8.5% during the fourth quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock worth $21,495,000 after buying an additional 199,259 shares during the period. Geode Capital Management LLC increased its position in Invesco Mortgage Capital by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock worth $14,369,000 after buying an additional 101,303 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Invesco Mortgage Capital by 7.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock valued at $11,674,000 after purchasing an additional 113,608 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Invesco Mortgage Capital by 1,607.0% in the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock valued at $11,517,000 after purchasing an additional 1,434,149 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

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.