Invesco Mortgage Capital (NYSE:IVR) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Invesco Mortgage Capital Inc (NYSE:IVR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.90 and traded as high as $8.00. Invesco Mortgage Capital shares last traded at $7.91, with a volume of 3,231,735 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Friday, May 9th.

Invesco Mortgage Capital Stock Performance

The business's fifty day moving average price is $7.53 and its 200-day moving average price is $7.90. The stock has a market cap of $531.48 million, a PE ratio of 19.19 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $18.82 million for the quarter, compared to analysts' expectations of $44.71 million. Invesco Mortgage Capital had a return on equity of 32.00% and a net margin of 17.27%. Analysts forecast that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, July 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.87%. Invesco Mortgage Capital's payout ratio is currently 323.81%.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corebridge Financial Inc. raised its holdings in Invesco Mortgage Capital by 4.7% during the fourth quarter. Corebridge Financial Inc. now owns 27,455 shares of the real estate investment trust's stock valued at $221,000 after acquiring an additional 1,242 shares during the period. Arizona State Retirement System raised its stake in Invesco Mortgage Capital by 9.5% during the 1st quarter. Arizona State Retirement System now owns 17,419 shares of the real estate investment trust's stock valued at $137,000 after purchasing an additional 1,510 shares during the period. Rhumbline Advisers boosted its stake in Invesco Mortgage Capital by 1.8% in the 4th quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust's stock worth $681,000 after purchasing an additional 1,513 shares during the period. GAMMA Investing LLC grew its holdings in Invesco Mortgage Capital by 419.4% during the 1st quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust's stock valued at $150,000 after buying an additional 1,535 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Invesco Mortgage Capital by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock valued at $1,068,000 after buying an additional 2,472 shares in the last quarter. 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.