Invesco Mortgage Capital (NYSE:IVR) Shares Cross 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 Monday . The stock has a 200-day moving average of $8.12 and traded as high as $8.35. Invesco Mortgage Capital shares last traded at $8.1350, with a volume of 1,321,466 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Compass Point started coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 target price for the company. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 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 analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Stock Up 0.7%

The firm has a market cap of $677.40 million, a P/E ratio of 6.36 and a beta of 1.76. The stock’s 50-day moving average is $8.69 and its 200-day moving average is $8.12.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $56.06 million during the quarter, compared to the consensus estimate of $47.99 million. Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. As a group, analysts expect that Invesco Mortgage Capital Inc will post 2.49 EPS for the current fiscal 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 issued a $0.12 dividend. 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 dividend payout ratio is 37.50%.

Institutional Trading of Invesco Mortgage Capital

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 valued at $28,180,000 after purchasing an additional 50,548 shares during the period. Invesco Ltd. boosted its stake 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 in the last quarter. Geode Capital Management LLC increased its holdings in Invesco Mortgage Capital by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock valued at $14,369,000 after buying an additional 101,303 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Invesco Mortgage Capital by 7.9% in the 3rd 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 buying an additional 113,608 shares during the period. Finally, Millennium Management LLC raised 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 buying an additional 1,434,149 shares in the last quarter. 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.