INVESCO MORTGAGE CAPITAL INC (IVR) has risen sharply, recording gains of 8.43% in the past 4 weeks. However, the stock has corrected -1.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.28% and the 50-Day Moving Average is 7.81%. INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): On Fridays trading session , Opening price of the stock was $15.37 with an intraday high of $15.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.25. However, the stock managed to close at $15.31, a loss of 0.26% for the day. On the previous day, the stock had closed at $15.35. The total traded volume of the day was 735,272 shares.
The company Insiders own 0.27% of INVESCO MORTGAGE CAPITAL INC shares according to the proxy statements. Institutional Investors own 65.65% 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%. Also, Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, maintains their rating on the shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR). Keefe Bruyette & Woods has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $16.25 per share from a prior target of $15.5. The rating by the firm was issued on August 9, 2016.
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.