Invesco Mortgage Capital (NYSE:IVR) Stock Passes Above Two Hundred Day Moving Average of $9.03

Invesco Mortgage Capital Inc. (NYSE:IVR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.03 and traded as high as $9.42. Invesco Mortgage Capital shares last traded at $9.39, with a volume of 1,268,289 shares trading hands.

Analysts Set New Price Targets

IVR has been the subject of several research analyst reports. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Janney Montgomery Scott started coverage on shares of Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.50.

Invesco Mortgage Capital Stock Up 1.2 %

The firm has a market cap of $458.51 million, a PE ratio of -13.41 and a beta of 1.90. The firm has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $9.03.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.04%. The ex-dividend date is Friday, July 5th. Invesco Mortgage Capital’s payout ratio is -228.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Natixis Advisors L.P. acquired a new stake in shares of Invesco Mortgage Capital in the 3rd quarter worth $257,000. Penserra Capital Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 46,309 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 5,830 shares during the last quarter. Graham Capital Management L.P. boosted its position in shares of Invesco Mortgage Capital by 117.2% during the third quarter. Graham Capital Management L.P. now owns 82,276 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 44,391 shares during the period. Hudson Bay Capital Management LP purchased a new position in Invesco Mortgage Capital during the 3rd quarter valued at about $4,349,000. Finally, Vanguard Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,718,590 shares of the real estate investment trust’s stock valued at $37,223,000 after purchasing an additional 110,709 shares in the last quarter. 40.54% of the stock is owned by hedge funds and other 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.