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

Invesco Mortgage Capital Inc. (NYSE:IVR) 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 changing hands.

Wall Street Analysts Forecast Growth

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

Invesco Mortgage Capital Stock Down 5.4 %

The stock has a 50-day moving average price of $8.54 and a 200 day moving average price of $8.49. The firm has a market capitalization of $503.41 million, a PE ratio of 12.55 and a beta of 1.93.

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

Invesco Mortgage Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 16.68%. The ex-dividend date is Monday, April 7th. Invesco Mortgage Capital’s payout ratio is 246.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $37,000 after buying an additional 3,758 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Invesco Mortgage Capital in the 4th quarter worth approximately $50,000. McIlrath & Eck LLC acquired a new position in shares of Invesco Mortgage Capital during the 3rd quarter worth approximately $62,000. Russell Investments Group Ltd. grew its position in shares of Invesco Mortgage Capital by 55.6% in the fourth 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Invesco Mortgage Capital in the fourth quarter valued at approximately $81,000. Hedge funds and other 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.