Invesco Mortgage Capital (NYSE:IVR) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on IVR. Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Invesco Mortgage Capital has an average rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Stock Performance

IVR stock opened at $7.42 on Wednesday. The company’s 50 day moving average price is $7.69 and its 200 day moving average price is $8.00. The firm has a market capitalization of $798.37 million, a price-to-earnings ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The company had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Equities analysts forecast that Invesco Mortgage Capital will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 19.4%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio is currently 97.30%.

Institutional Trading of Invesco Mortgage Capital

Several institutional investors and hedge funds have recently made changes to their positions in IVR. Bank of New York Mellon Corp grew its stake in Invesco Mortgage Capital by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust’s stock worth $1,467,000 after buying an additional 1,476 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Invesco Mortgage Capital by 14.3% during the fourth quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 1,644 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Invesco Mortgage Capital by 7.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 24,597 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 1,690 shares during the period. Intech Investment Management LLC raised its position in Invesco Mortgage Capital by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Invesco Mortgage Capital by 16.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,011 shares during the last quarter. 40.54% of the stock is owned by hedge funds and other 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.