Invesco Mortgage Capital (NYSE:IVR) Upgraded at Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. 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 target price for the company. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Price Performance

NYSE IVR opened at $7.83 on Friday. The business has a 50 day moving average price of $8.49 and a 200 day moving average price of $8.13. The company has a market capitalization of $680.38 million, a P/E ratio of 6.11 and a beta of 1.76. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.50.

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

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 18.4%. The ex-dividend date is Tuesday, March 24th. Invesco Mortgage Capital’s dividend payout ratio is currently 112.50%.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco Mortgage Capital by 3,282.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 2,954 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth about $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth about $33,000. Caption Management LLC acquired a new position in shares of Invesco Mortgage Capital in the fourth quarter valued at approximately $43,000. Finally, Comerica Bank raised its position in shares of Invesco Mortgage Capital by 1,722.1% in the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 4,839 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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.