Invesco Mortgage Capital (NYSE:IVR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.77 and traded as high as $8.60. Invesco Mortgage Capital shares last traded at $8.4650, with a volume of 2,393,482 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IVR shares. 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. Zacks Research upgraded shares of Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. Finally, Compass Point assumed coverage on Invesco Mortgage Capital in a report on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Stock Down 0.5%

The business has a fifty day moving average of $8.09 and a 200 day moving average of $7.77. The company has a market cap of $600.59 million, a P/E ratio of 16.60 and a beta of 1.71.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. The business had revenue of ($22.71) million for the quarter, compared to the consensus estimate of $45.40 million. On average, sell-side analysts anticipate that Invesco Mortgage Capital Inc will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 29th. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 17.0%. Invesco Mortgage Capital’s payout ratio is currently 282.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IVR. Millennium Management LLC lifted its stake in shares of Invesco Mortgage Capital by 1,607.0% in the 3rd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Invesco Mortgage Capital by 151.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,295,263 shares of the real estate investment trust’s stock valued at $10,220,000 after buying an additional 780,225 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 134.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 964,658 shares of the real estate investment trust’s stock valued at $7,563,000 after buying an additional 553,495 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Invesco Mortgage Capital by 66.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,017,198 shares of the real estate investment trust’s stock valued at $7,690,000 after buying an additional 404,497 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco Mortgage Capital by 77.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 336,797 shares of the real estate investment trust’s stock worth $2,641,000 after buying an additional 147,486 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 (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.