Invesco Mortgage Capital (NYSE:IVR) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a report released on Saturday morning.

IVR has been the topic of a number of other reports. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Compass Point initiated coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.25.

Invesco Mortgage Capital Stock Down 0.6%

Invesco Mortgage Capital stock opened at $8.44 on Friday. The firm has a 50 day moving average price of $8.75 and a 200-day moving average price of $8.08. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.50. The company has a market capitalization of $702.38 million, a P/E ratio of 6.59 and a beta of 1.76.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The firm had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $47.99 million. Equities analysts expect that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, February 24th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 24th. This represents a c) annualized dividend and a yield of 17.1%. Invesco Mortgage Capital’s dividend payout ratio is currently 37.50%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its position in Invesco Mortgage Capital by 23.5% during the third quarter. Wolverine Asset Management LLC now owns 1,191,069 shares of the real estate investment trust’s stock valued at $9,004,000 after purchasing an additional 226,411 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,577,067 shares of the real estate investment trust’s stock worth $12,366,000 after purchasing an additional 70,151 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Invesco Mortgage Capital by 42.0% during the 2nd quarter. Cetera Investment Advisers now owns 194,010 shares of the real estate investment trust’s stock valued at $1,521,000 after purchasing an additional 57,365 shares during the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $141,000. Finally, AlphaQuest LLC lifted its position in Invesco Mortgage Capital by 1,393.9% in the 2nd quarter. AlphaQuest LLC now owns 17,105 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 15,960 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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.