During the recent session, Invesco Mortgage Capital Inc. (NYSE:IVR)’s traded shares were 23.79 million, with the beta value of the company hitting 1.38. At the last check today, the stock’s price was $4.12, reflecting an intraday loss of -3.40% or -$0.15. The 52-week high for the IVR share is $5.53, that puts it down -34.22 from that peak though still a striking 38.59% gain since the share price plummeted to a 52-week low of $2.53. The company’s market capitalization is $1.21B, and the average intraday trading volume over the past 10 days was 36.24 million shares, and the average trade volume was 10.77 million shares over the past three months.
Invesco Mortgage Capital Inc. (IVR) received a consensus recommendation of a Sell from analysts. That translates to a mean rating of 3.70. IVR has a Sell rating from 3 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.
Invesco Mortgage Capital Inc. (NYSE:IVR) trade information
Invesco Mortgage Capital Inc. (IVR) registered a -3.40% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.40% in intraday trading to $4.12 this Thursday, 06/10/21, hitting a weekly high. The stock’s 5-day price performance is 27.46%, and it has moved by 21.65% in 30 days. Based on these gigs, the overall price performance for the year is -20.93%. The short interest in Invesco Mortgage Capital Inc. (NYSE:IVR) is 35.78 million shares and it means that shorts have 5.25 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.06, which implies a decrease of -34.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $3.25 respectively. As a result, IVR is trading at a premium of 21.12% off the target high and 33.25% off the low.
Invesco Mortgage Capital Inc. (IVR) estimates and forecasts
Statistics show that Invesco Mortgage Capital Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Invesco Mortgage Capital Inc. (IVR) shares have gone up 24.85% during the last six months, with a year-to-date growth rate more than the industry average at 103.74% against -1.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 105.00% this quarter and then drop -40.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -41.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $36.22 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $37.07 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $30.17 million and $27.44 million respectively. In this case, analysts expect current quarter sales to grow by 20.00% and then jump by 35.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.60%. While earnings are projected to return -576.50% in 2021, the next five years will return 1.70% per annum.
Invesco Mortgage Capital Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Invesco Mortgage Capital Inc. is 0.36, with the dividend yield indicating at 8.43 percent, continuing the trend of increasing dividends in recent years.
Invesco Mortgage Capital Inc. (NYSE:IVR)’s Major holders
Invesco Mortgage Capital Inc. insiders own 0.20% of total outstanding shares while institutional holders control 50.65%, with the float percentage being 50.75%. Blackrock Inc. is the largest shareholder of the company, while 256 institutions own stock in it. As of Mar 30, 2021, the company held over 42.56 million shares (or 17.27% of all shares), a total value of $170.68 million in shares.
The next largest institutional holding, with 23.54 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.55% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $94.39 million.
Also, the Mutual Funds coming in first place with the largest holdings of Invesco Mortgage Capital Inc. (IVR) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 15.38 million shares. This amounts to just over 6.24 percent of the company’s overall shares, with a $61.66 million market value. The same data shows that the other fund manager holds slightly less at 6.42 million, or about 2.61% of the stock, which is worth about $25.75 million.