Invesco Mortgage Capital (NYSE:IVR) Rating Lowered to Strong Sell at Zacks Research

Invesco Mortgage Capital (NYSE:IVR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on IVR. Weiss Ratings downgraded shares of Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $8.25.

Invesco Mortgage Capital Trading Down 0.4%

Shares of NYSE IVR opened at $7.89 on Tuesday. The firm has a market capitalization of $731.89 million, a PE ratio of 10.66 and a beta of 1.64. Invesco Mortgage Capital has a 1 year low of $7.10 and a 1 year high of $9.50. The firm’s 50-day moving average is $8.10 and its 200-day moving average is $8.32.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of ($15.01) million for the quarter, compared to analyst estimates of $39.80 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. As a group, equities research analysts anticipate that Invesco Mortgage Capital will post 2.25 earnings per share for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Invesco Mortgage Capital by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock valued at $28,180,000 after purchasing an additional 50,548 shares during the last quarter. Invesco Ltd. increased its holdings in Invesco Mortgage Capital by 8.5% during the fourth quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock worth $21,495,000 after buying an additional 199,259 shares during the last quarter. Geode Capital Management LLC increased its holdings in Invesco Mortgage Capital by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock worth $14,369,000 after buying an additional 101,303 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Invesco Mortgage Capital by 7.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock worth $11,674,000 after buying an additional 113,608 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Invesco Mortgage Capital by 1,607.0% during the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock worth $11,517,000 after buying an additional 1,434,149 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.