Invesco Mortgage Capital (NYSE:IVR) Stock Rating Lowered by Zacks Research

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

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a report on Monday, December 29th. Finally, Compass Point began 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 research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock traded down $0.07 during trading hours on Tuesday, hitting $8.89. The company’s stock had a trading volume of 714,641 shares, compared to its average volume of 2,722,676. The company has a market cap of $630.39 million, a PE ratio of 17.42 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. The business has a 50 day moving average price of $8.50 and a two-hundred day moving average price of $7.90.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly 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 for the quarter, compared to analyst estimates of $45.40 million. As a group, research analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in IVR. FNY Investment Advisers LLC purchased a new position in Invesco Mortgage Capital during the 4th quarter worth $28,000. Bogart Wealth LLC increased its position in Invesco Mortgage Capital by 103.9% during the 2nd quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,400 shares in the last quarter. Comerica Bank lifted its stake in shares of Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,839 shares during the period. BNP Paribas Financial Markets grew its holdings in Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,548 shares during the period. Finally, CWM LLC raised its stake in Invesco Mortgage Capital by 698.7% during the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 6,575 shares during the period. Institutional investors and hedge funds 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.