Analysts Set Invesco Mortgage Capital Inc (NYSE:IVR) Price Target at $8.25

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.25.

Several research analysts recently weighed in on IVR shares. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday, December 29th. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. 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 price objective on the stock. Finally, Zacks Research raised shares of Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently bought and sold shares of IVR. Bogart Wealth LLC grew its position in Invesco Mortgage Capital by 103.9% during the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,400 shares during the last quarter. Comerica Bank boosted its stake in shares of Invesco Mortgage Capital by 1,722.1% in the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Invesco Mortgage Capital by 83.5% during 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 purchasing an additional 2,548 shares during the last quarter. CWM LLC raised its position in Invesco Mortgage Capital by 698.7% in the 3rd 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. Finally, Spire Wealth Management lifted its stake in Invesco Mortgage Capital by 654.2% in the fourth quarter. Spire Wealth Management now owns 8,537 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 7,405 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

NYSE:IVR opened at $9.31 on Friday. The firm has a market capitalization of $660.19 million, a price-to-earnings ratio of 18.25 and a beta of 1.71. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.32. The stock has a fifty day moving average of $8.25 and a 200 day moving average of $7.82.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. Equities analysts forecast that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, January 26th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date is Monday, January 26th. Invesco Mortgage Capital’s dividend payout ratio is presently 282.35%.

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.