Invesco Mortgage Capital (NYSE:IVR) Downgraded to “Hold” Rating by Zacks Research

Invesco Mortgage Capital (NYSE:IVR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Compass Point initiated coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 price target for the company. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Price Performance

Shares of IVR stock opened at $8.95 on Tuesday. The company’s fifty day moving average price is $8.50 and its two-hundred day moving average price is $7.90. The firm has a market capitalization of $634.86 million, a P/E ratio of 17.55 and a beta of 1.71. Invesco Mortgage Capital has a 12 month low of $5.86 and a 12 month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.The company had revenue of ($22.71) million during the quarter, compared to the consensus estimate of $45.40 million. On average, sell-side analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Invesco Mortgage Capital by 4,329.2% during the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 16,624 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after purchasing an additional 31,410 shares during the period. Jane Street Group LLC bought a new position in shares of Invesco Mortgage Capital in the 1st quarter worth about $144,000. Strs Ohio acquired a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $82,000. Finally, PFG Investments LLC boosted its holdings in shares of Invesco Mortgage Capital by 97.4% in the 2nd quarter. PFG Investments LLC now owns 62,357 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 30,767 shares during the period. 40.54% of the stock is owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

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.