INVESCO MORTGAGE CAPITAL INC (IVR) has risen sharply, recording gains of 0.13% in the past 4 weeks. However, the stock has corrected -0.71% 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 2.2% 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 1.87% and the 50-Day Moving Average is 2.21%.The 200 Day SMA reached 20.05% Invesco Mortgage Capital Inc. is up 9.54% in the last 3-month period. Year-to-Date the stock performance stands at 31.57%.
INVESCO MORTGAGE CAPITAL INC (IVR) : 5 investment research analysts covering INVESCO MORTGAGE CAPITAL INC (IVR) have an average price target of $16.35 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $15 for the short term. Analysts expect the variance to be within $1.19 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): stock was range-bound between the intraday low of $15.33 and the intraday high of $15.58 after having opened at $15.58 on Fridays session. The stock finally closed in the red at $15.58, a loss of -1.79%. The stock remained in the red for the whole trading day. The total traded volume was 1,496,961 shares. The stock failed to cross $15.58 in Fridays trading. The stocks closing price on Thursday was $15.34.
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.