Invesco Mortgage Capital (NYSE:IVR) Sets New 52-Week High – What’s Next?

Invesco Mortgage Capital Inc (NYSE:IVR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.10 and last traded at $9.0750, with a volume of 2031783 shares. The stock had previously closed at $8.96.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. Zacks Research upgraded shares of Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Invesco Mortgage Capital has an average rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Price Performance

The company has a market cap of $668.35 million, a PE ratio of 18.47 and a beta of 1.71. The company’s 50 day simple moving average is $8.28 and its two-hundred day simple moving average is $7.83.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. Sell-side analysts expect that Invesco Mortgage Capital Inc will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, January 26th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Monday, January 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 282.35%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Invesco Mortgage Capital during the 4th quarter valued at about $28,000. Bogart Wealth LLC lifted its position in shares of Invesco Mortgage Capital by 103.9% during the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,400 shares in the last quarter. Comerica Bank boosted its stake in shares of Invesco Mortgage Capital by 1,722.1% in the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 2,548 shares in the last quarter. Finally, CWM LLC increased its stake in Invesco Mortgage Capital by 698.7% during the 3rd quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 6,575 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.