Invesco Mortgage Capital (NYSE:IVR) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Invesco Mortgage Capital Inc. (NYSE:IVR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Invesco Mortgage Capital Trading Up 0.7 %

The firm has a 50-day simple moving average of $8.52 and a 200-day simple moving average of $8.49. The firm has a market cap of $539.83 million, a P/E ratio of 13.45 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 EPS 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 firm had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million. Research analysts predict that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently modified their holdings of the company. PL Capital Advisors LLC boosted its position in Invesco Mortgage Capital by 705.0% in the 4th quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust’s stock worth $25,921,000 after purchasing an additional 2,820,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Invesco Mortgage Capital by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 3,193,984 shares of the real estate investment trust’s stock valued at $25,712,000 after purchasing an additional 206,355 shares during the period. Invesco Ltd. boosted its holdings in Invesco Mortgage Capital by 2,346.8% during the fourth quarter. Invesco Ltd. now owns 2,324,820 shares of the real estate investment trust’s stock worth $18,715,000 after buying an additional 2,229,805 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Invesco Mortgage Capital by 100.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,457,258 shares of the real estate investment trust’s stock worth $11,731,000 after buying an additional 730,497 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Invesco Mortgage Capital by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 1,351,663 shares of the real estate investment trust’s stock valued at $10,882,000 after buying an additional 126,868 shares during the period. 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.