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

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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IVR shares. Compass Point initiated coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 target price for the company. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research upgraded Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Trading Down 0.5%

The company’s 50 day simple moving average is $8.09 and its 200-day simple moving average is $7.77. The firm 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 released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of ($22.71) million during the quarter, compared to analysts’ expectations of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. On average, sell-side analysts anticipate that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 17.0%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 282.35%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Invesco Mortgage Capital by 129.5% during the third quarter. JPMorgan Chase & Co. now owns 74,433 shares of the real estate investment trust’s stock valued at $563,000 after acquiring an additional 42,002 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $94,000. 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 worth $11,517,000 after purchasing an additional 1,434,149 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $11,674,000 after purchasing an additional 113,608 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Invesco Mortgage Capital by 27.9% in the third quarter. Alliancebernstein L.P. now owns 79,663 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 17,400 shares during the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

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.