Invesco Mortgage Capital Inc. (NYSE:IVR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.96 and traded as high as $9.38. Invesco Mortgage Capital shares last traded at $9.38, with a volume of 1,388,114 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Janney Montgomery Scott assumed coverage on Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $10.00 price target on the stock. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.
View Our Latest Stock Report on Invesco Mortgage Capital
Invesco Mortgage Capital Trading Up 3.4 %
The stock has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $8.96. The company has a market cap of $457.78 million, a PE ratio of -13.39 and a beta of 1.90.
Invesco Mortgage Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.60 annualized dividend and a dividend yield of 17.07%. Invesco Mortgage Capital’s dividend payout ratio is currently -228.57%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC grew its stake in Invesco Mortgage Capital by 100.1% in the 1st quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,425 shares during the period. Tower Research Capital LLC TRC grew its stake in Invesco Mortgage Capital by 500.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 7,544 shares during the period. Valley Brook Capital Group Inc. purchased a new stake in Invesco Mortgage Capital in the 4th quarter worth approximately $91,000. Janney Montgomery Scott LLC purchased a new stake in Invesco Mortgage Capital in the 1st quarter worth approximately $165,000. Finally, Range Financial Group LLC purchased a new stake in Invesco Mortgage Capital in the 1st quarter worth approximately $180,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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