INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) has tumbled 1.03% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.27% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.16% and the outperformance has advanced to 1.34% for the last 4 weeks period.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.29 and $14.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.41, notching a gain of 0.56% for the day. The total traded volume was 2,137,199 . The stock had closed at $14.33 on the previous day.
The company shares have dropped -9.43% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $16.04 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.97 and the 200 Day Moving Average price is recorded at $12.49.
On the companys insider trading activities, Anzalone John, officer (CIO) of Invesco Mortgage Capital Inc., executed a transaction worth $56,720 on May 17, 2016. A total of 4,000 shares were purchased at an average price of $14.18. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Nomura upgrades its outlook on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $14 per share to $16 per share. The rating by the firm was issued on May 18, 2016. Currently the company Insiders own 0.27% of INVESCO MORTGAGE CAPITAL INC shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.98% . Institutional Investors own 64.97% of INVESCO MORTGAGE CAPITAL INC shares. During last six month period, the net percent change held by insiders has seen a change of 5.82%.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS), RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS), credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT), commercial mortgage-backed securities (CMBS), residential and commercial mortgage loans, and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers, Inc.