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

Invesco Mortgage Capital Inc (NYSE:IVR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.02 and traded as high as $8.96. Invesco Mortgage Capital shares last traded at $8.7250, with a volume of 3,249,993 shares changing hands.

Wall Street Analysts Forecast Growth

IVR has been the subject of several 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 started 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. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Finally, 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Invesco Mortgage Capital has a consensus rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Trading Down 0.2%

The firm has a market capitalization of $616.56 million, a P/E ratio of 6.79 and a beta of 1.76. The business has a 50 day moving average of $8.71 and a 200-day moving average of $8.03.

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

Invesco Mortgage Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, February 24th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 16.6%. Invesco Mortgage Capital’s dividend payout ratio is presently 112.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in Invesco Mortgage Capital by 23.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,191,069 shares of the real estate investment trust’s stock valued at $9,004,000 after buying an additional 226,411 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Invesco Mortgage Capital by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,577,067 shares of the real estate investment trust’s stock worth $12,366,000 after buying an additional 70,151 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco Mortgage Capital by 42.0% in the 2nd quarter. Cetera Investment Advisers now owns 194,010 shares of the real estate investment trust’s stock valued at $1,521,000 after acquiring an additional 57,365 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings 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 acquiring an additional 7,000 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Invesco Mortgage Capital in the second quarter valued at about $141,000. 40.54% of the stock is owned by institutional investors and hedge funds.

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.