Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report)'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 changing hands.
Analysts Set New Price Targets
Separately, JMP Securities restated a "market perform" rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.
Check Out Our Latest Analysis on Invesco Mortgage Capital
Invesco Mortgage Capital Trading Down 3.0 %
The firm has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $8.48. The stock has a market cap of $517.29 million, a price-to-earnings ratio of 12.19 and a beta of 1.93.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued 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 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%. On average, equities analysts expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current year.
Invesco Mortgage Capital Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.16%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital's payout ratio is 209.23%.
Institutional Trading of Invesco Mortgage Capital
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corebridge Financial Inc. boosted its stake in 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 valued at $221,000 after buying an additional 1,242 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Invesco Mortgage Capital by 1.8% during the fourth quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust's stock valued at $681,000 after acquiring an additional 1,513 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Invesco Mortgage Capital by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock valued at $1,068,000 after purchasing an additional 2,472 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Invesco Mortgage Capital by 22.1% in the 4th 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 increased its position in shares of Invesco Mortgage Capital by 22.8% during the 4th quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust's stock worth $128,000 after purchasing an additional 2,953 shares in the last quarter. Institutional investors own 40.54% of the company's stock.
Invesco Mortgage Capital Company Profile
(
Get Free Report)
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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