Invesco Mortgage Capital (NYSE:IVR) Shares Pass Above 200 Day Moving Average - Should You Sell?

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) shares 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 trading hands.

Analysts Set New Price Targets

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

Invesco Mortgage Capital Trading Up 1.4 %

The firm has a market capitalization of $538.18 million, a P/E ratio of 12.67 and a beta of 1.93. The company has a 50 day moving average of $8.54 and a 200-day moving average of $8.49.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last posted its quarterly 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 company had revenue of $13.68 million during the quarter, compared to analyst estimates of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. As a group, sell-side analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

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Invesco Mortgage Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 dividend on an annualized basis and a yield of 16.49%. Invesco Mortgage Capital's dividend payout ratio (DPR) is 209.23%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in shares of Invesco Mortgage Capital by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after buying an additional 3,758 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Invesco Mortgage Capital in the fourth quarter worth about $50,000. McIlrath & Eck LLC acquired a new stake in shares of Invesco Mortgage Capital in the 3rd quarter valued at approximately $62,000. Russell Investments Group Ltd. grew its holdings in shares of Invesco Mortgage Capital by 55.6% during the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 3,272 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 40.54% of the company's stock.

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.