INVESCO MORTGAGE CAPITAL INC (IVR) : Traders are bullish on INVESCO MORTGAGE CAPITAL INC (IVR) as it has outperformed the S&P 500 by a wide margin of 6.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.07% in the last 1 week, and is up 6.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Invesco Mortgage Capital Inc. is up 11.88% in the last 3-month period. Year-to-Date the stock performance stands at 31.4%. The stock has recorded a 20-day Moving Average of 2.56% and the 50-Day Moving Average is 7.06%.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.32 and $15.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.32, notching a gain of 0.07% for the day. The total traded volume was 490,266 . The stock had closed at $15.31 on the previous day.
Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods raises the new price target from $15.5 per share to $16.25 per share. The rating by the firm was issued on August 9, 2016.
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.