BlackRock Fund Advisors has recently announced that it has increased stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 1.88%. After grabbing 6.92 million shares, the institutional investor is now in possession of 0.13 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.29% having worth around $55.46 million. Moreover, The Vanguard Group, Inc. increased its share by 0.1 million to have a control over 3.65 million shares. And Renaissance Technologies LLC raised its holdings to 0.27 million shares by acquiring 1.07 million shares or 2.21% of the stake.
Invesco Mortgage Capital Inc (IVR) concluded trading on 12/21/23 at a closing price of $9.36, with 2.4 million shares of worth about $22.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.68% during that period and on Thursday the price saw a gain of about 2.63%. Currently the company’s common shares owned by public are about 48.46M shares, out of which, 48.32M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 6 times over the past 12 months. They bought 45,567 shares in 6 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF 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 2.97 million shares of worth totaling $23.8 million. The company recently came buying 1644.0 shares which brought its stake up to 6.13% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 86091.0 shares, after which its hold over company’s outstanding shares expand to 2.60%, leaving 1.26 million shares with the mutual fund that have a worth of about $10.08 million. iShares Russell 2000 ETF, after buying 1.06 million shares, have now control over 2.20% of the stake in the company. It holds 522.0 shares of worth $8.52 million.
Invesco Mortgage Capital Inc (NYSE: IVR) started trading at $9.22, above $0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 9.40, or with a gain of 2.63%. Stock saw a price change of 3.20% in past 5 days and over the past one month there was a price change of 17.44%. Year-to-date (YTD), IVR shares are showing a performance of -26.47% which decreased to -26.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.34 but also hit the highest price of $15.56 during that period. The average intraday trading volume for Invesco Mortgage Capital Inc shares is 1.50 million. The stock is currently trading 11.74% above its 20-day simple moving average (SMA20), while that difference is up 18.39% for SMA50 and it goes to -7.12% lower than SMA200.
BlackRock Fund Advisors acquired 6.92 million shares of Invesco Mortgage Capital Inc having value of about $55.46 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.13 million shares in the company valued at close to $1198482.48, or have control over 1.88% stake in the company. Invesco Mortgage Capital Inc (NYSE: IVR) currently have 48.46M outstanding shares and institutions hold larger chunk of about 49.19% of that. Holding of mutual funds in the company is about 18.80% while other institutional holders and individual stake holders have control over 30.50% and 0.29% of the stake respectively.
The stock has a current market capitalization of $453.59M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$0.42 in the same period. It has a debt-to-equity ratio of 6.35. 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 3.09% while standing at 3.13% over the month.
Analysts are in expectations that Invesco Mortgage Capital Inc (IVR) stock would likely to be making an EPS of $1.17 in the current quarter, while forecast for next quarter EPS is $1.12 and it is $4.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.92 which is $1.7 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 $1.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.14% while it is estimated to decrease by -21.98% in next year.
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 3.20. Out of those 5 Wall Street analysts, 0 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 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 UBS on December 06, 2023 offering a Neutral rating for the stock and assigned a target price of $8 to it.
