Invesco Mortgage Capital (NYSE:IVR) Shares Cross Above 200 Day Moving Average of $9.03

Invesco Mortgage Capital Inc. (NYSE:IVR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IVR. StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Janney Montgomery Scott assumed coverage on Invesco Mortgage Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Invesco Mortgage Capital Trading Down 0.6 %

The firm has a 50-day moving average of $9.16 and a 200-day moving average of $9.03.

Invesco Mortgage Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be given a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.15%. Invesco Mortgage Capital’s dividend payout ratio is currently -228.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Invesco Mortgage Capital by 54.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,906 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 22,790 shares during the period. Penserra Capital Management LLC lifted its stake 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 valued at $463,000 after purchasing an additional 5,830 shares during the period. Natixis Advisors L.P. purchased a new position in shares of Invesco Mortgage Capital in the 3rd quarter valued at approximately $257,000. Wolverine Asset Management LLC lifted its stake in shares of Invesco Mortgage Capital by 11.7% in the 4th quarter. Wolverine Asset Management LLC now owns 302,600 shares of the real estate investment trust’s stock valued at $2,681,000 after purchasing an additional 31,711 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors 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.