As of Thursday, Invesco Mortgage Capital Inc.’s (NYSE:IVR) stock closed at $14.03, down from $14.50 the previous day. While Invesco Mortgage Capital Inc. has underperformed by -3.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IVR fell by -55.46%, with highs and lows ranging from $34.00 to $9.63, whereas the simple moving average fell by -30.49% in the last 200 days.
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On December 14, 2020, Jefferies started tracking Invesco Mortgage Capital Inc. (NYSE: IVR) recommending Underperform. A report published by BofA Securities on June 30, 2020, Initiated its previous ‘Underperform’ rating for IVR. Barclays also Downgraded IVR shares as ‘Underweight’, setting a target price of $2 on the company’s shares in a report dated May 27, 2020. Keefe Bruyette August 10, 2018d its ‘Outperform’ rating to ‘Mkt Perform’ for IVR, as published in its report on August 10, 2018. Keefe Bruyette also rated the stock as ‘Outperform’.
Analysis of Invesco Mortgage Capital Inc. (IVR)
Investors in Invesco Mortgage Capital Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.60 per share. Further, the quarter-over-quarter increase in sales is 1.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Invesco Mortgage Capital Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -46.40% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and IVR is recording 971.38K average volume. On a monthly basis, the volatility of the stock is set at 2.74%, whereas on a weekly basis, it is put at 3.32%, with a loss of -5.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.83, showing growth from the present price of $14.03, which can serve as yet another indication of whether IVR is worth investing in or should be passed over.
How Do You Analyze Invesco Mortgage Capital Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 58.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in IVR shares?
The recent increase in stakes in IVR appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in IVR has increased by 6.50% in the first quarter. The company now owns 5,605,817 shares of the stock, with a value of $89.08 million, following the purchase of 341,980 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in IVR during the first quarter, downing its stake by -14.84%. During the last quarter, the company picked up -572,667 additional shares for a total stake of worth $52.2 million, bringing number of shares owned by the company to 3,285,307.
During the first quarter, SSgA Funds Management, Inc. added a 102,053 position in IVR. Global X Management Co. LLC purchased an additional 0.14 million shares in the last quarter, increasing its holdings by 13.69%, now holding 1.13 million shares worth $17.93 million. At the end of the first quarter, Balyasny Asset Management LP increased its IVR holdings by 492.48% and now holds 0.85 million IVR shares valued at $13.49 million with the added 0.71 million shares during the period. IVR shares are owned by institutional investors to the tune of 58.50% at present.