Invesco Mortgage Capital (NYSE:IVR) Shares Cross Above 200 Day Moving Average – Here’s What Happened

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 $8.49 and traded as high as $8.82. Invesco Mortgage Capital shares last traded at $8.75, with a volume of 1,524,852 shares.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

Invesco Mortgage Capital Stock Down 5.4 %

The firm has a market capitalization of $503.41 million, a PE ratio of 12.55 and a beta of 1.93. The stock’s fifty day simple moving average is $8.54 and its 200 day simple moving average is $8.49.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The firm had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, analysts predict that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 16.68%. The ex-dividend date is Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is currently 246.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corebridge Financial Inc. grew its stake in shares of Invesco Mortgage Capital by 4.7% in the 4th quarter. Corebridge Financial Inc. now owns 27,455 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 1,242 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Invesco Mortgage Capital by 1.8% in the 4th quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust’s stock worth $681,000 after purchasing an additional 1,513 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Invesco Mortgage Capital by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust’s stock worth $1,068,000 after buying an additional 2,472 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Invesco Mortgage Capital by 22.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Invesco Mortgage Capital by 22.8% during the fourth quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 2,953 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Company Profile

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.