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

Invesco Mortgage Capital Inc (NYSE:IVR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

IVR has been the topic of several research reports. Compass Point assumed coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price objective on the stock. Zacks Research cut Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Price Performance

The firm’s fifty day moving average is $8.63 and its two-hundred day moving average is $7.96. The firm has a market cap of $625.07 million, a price-to-earnings ratio of 6.88 and a beta of 1.76.

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

Invesco Mortgage Capital Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of Invesco Mortgage Capital by 4,329.2% during 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 during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after purchasing an additional 31,410 shares during the period. Jane Street Group LLC purchased a new stake in shares of Invesco Mortgage Capital during the first quarter valued at $144,000. Strs Ohio purchased a new stake in shares of Invesco Mortgage Capital during the first quarter valued at $82,000. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Invesco Mortgage Capital by 72.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,650 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 7,000 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.