The Vanguard Group, Inc. has recently announced that it has increased stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 7.11%. After grabbing 17.34 million shares, the institutional investor is now in possession of 1.15 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 10.51% having worth around $53.24 million. Moreover, Invesco Capital Management LLC increased its share by 4.4 million to have a control over 6.94 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.73 million shares by acquiring 6.58 million shares or 3.99% of the stake.
Invesco Mortgage Capital Inc. (IVR) concluded trading on 08/27/20 at a closing price of $3.06, with 5.4 million shares of worth about $16.53 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.00% during that period and on Thursday the price saw a gain of about 2.34%. Currently the company’s common shares owned by public are about 166.94M shares, out of which, 164.58M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the IVR stock and their offered price forecasts bring an average price target of $2.69. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $2.50. Analysts also issued an outlook of 3.80 for the Invesco Mortgage Capital Inc. stock for next 12 months. The stock’s current price level is -15.04% below of average price target set by the analysts, while a dip to estimated low would result in loss of -22.4 for the stock. However, touching the estimated high of $3.00 would mean a loss of -2.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 116,791 shares in 61 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
iShares Core S&P Small Cap ETF, Invesco KBW High Dividend Yield F, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Invesco Mortgage Capital Inc. iShares Core S&P Small Cap ETF is currently holding 11.31 million shares of worth totaling $34.73 million. The company recently came buying 0.1 million shares which brought its stake up to 6.86% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 5.1 million shares, have now control over 3.09% of the stake in the company. It holds 1656.0 shares of worth $15.66 million.
Invesco Mortgage Capital Inc. (NYSE: IVR) started trading at $2.98, below -$0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $3.06, or with a gain of 2.34%. Stock saw a price change of 2.00% in past 5 days and over the past one month there was a price change of -6.71%. Year-to-date (YTD), IVR shares are showing a performance of -78.61% which decreased to -76.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.56 but also hit the highest price of $15.73 during that period. While comparing its average daily trading volume of 16.17 million shares, we see that about 5.4 million changed hands on the day. The stock is currently trading -2.00% below its 20-day simple moving average (SMA20), while that difference is down -10.12% for SMA50 and it goes to -61.96% lower than SMA200.
The Vanguard Group, Inc. acquired 17.34 million shares of Invesco Mortgage Capital Inc. having value of about $53.24 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.15 million shares in the company valued at close to $3522632.22, or have control over 7.11% stake in the company. Invesco Mortgage Capital Inc. (NYSE: IVR) currently have 166.94M outstanding shares and institutions hold larger chunk of about 58.40% of that. Holding of mutual funds in the company is about 20.10% while other institutional holders and individual stake holders have control over 42.79% and 0.50% of the stake respectively.
The stock has a current market capitalization of $568.15M and its 3Y-monthly beta is at 1.36. It has posted earnings per share of -$11.04 in the same period. It has a debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IVR, volatility over the week remained 5.66% while standing at 5.78% over the month.
Analysts are in expectations that Invesco Mortgage Capital Inc. (IVR) stock would likely to be making an EPS of $VIR in the current quarter, while forecast for next quarter ESPS is $41.10 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $iShares Core S&P 500 ETF which is $Invesco Ltd at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Aberdeen Standard Physical Silv in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 334.10% while it is estimated to increase by 101.40% in next year. EPS is likely to shrink at an annualized rate of 1.70% for next 5-years, compared to annual growth of 26.80% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Invesco Mortgage Capital Inc. (IVR)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.80. Out of those 5 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on June 30, 2020 offering an Underperform rating for the stock and assigned a target price of $2.50 to it. Coverage by Barclays stated Invesco Mortgage Capital Inc. (IVR) stock as an Underweight in their note to investors on May 27, 2020, suggesting a price target of $2 for the stock. On May 26, 2020, Credit Suisse Downgrade their recommendations, while on August 10, 2018, Keefe Bruyette Downgrade their ratings for the stock with a price target of. Stock get a Neutral rating from Credit Suisse on January 25, 2018.