Invesco Mortgage Capital (NYSE:IVR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Invesco Mortgage Capital Inc. (NYSE:IVR) 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 reissued a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

Invesco Mortgage Capital Stock Performance

The firm has a market capitalization of $539.83 million, a PE ratio of 13.45 and a beta of 1.93. The company has a fifty day moving average price of $8.52 and a 200-day moving average price of $8.49.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in Invesco Mortgage Capital by 427.0% in the fourth 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 purchased a new stake in shares of Invesco Mortgage Capital in the fourth quarter valued at $50,000. McIlrath & Eck LLC purchased a new position in shares of Invesco Mortgage Capital during the 3rd quarter worth about $62,000. Russell Investments Group Ltd. boosted its stake 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 worth $74,000 after purchasing an additional 3,272 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Invesco Mortgage Capital during the 4th quarter valued at about $81,000. Institutional investors own 40.54% of the company’s stock.

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.