Invesco Mortgage Capital (NYSE:IVR) Raised to Hold at Wall Street Zen

Invesco Mortgage Capital (NYSE:IVR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on the stock. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invesco Mortgage Capital in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Up 0.2%

Shares of NYSE:IVR opened at $8.00 on Friday. The company’s fifty day moving average is $8.14 and its two-hundred day moving average is $8.30. Invesco Mortgage Capital has a 12-month low of $7.10 and a 12-month high of $9.50. The company has a market cap of $742.10 million, a P/E ratio of 10.80 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last announced 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. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. The company had revenue of ($15.01) million for the quarter, compared to the consensus estimate of $39.80 million. Equities research analysts anticipate that Invesco Mortgage Capital will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Invesco Mortgage Capital by 1.4% during 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 acquiring an additional 50,548 shares during the period. Invesco Ltd. boosted 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 valued at $21,495,000 after acquiring an additional 199,259 shares during the period. Geode Capital Management LLC boosted 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 valued at $14,369,000 after acquiring an additional 101,303 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $11,674,000 after acquiring an additional 113,608 shares during the period. Finally, Millennium Management LLC boosted 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 valued at $11,517,000 after acquiring an additional 1,434,149 shares during the period. 40.54% of the stock is currently owned by institutional investors.

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.