Invesco Mortgage Capital (NYSE:IVR) Rating Increased to Hold 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.

Several other equities analysts also recently commented on IVR. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Compass Point started coverage on shares of Invesco Mortgage Capital in a report on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Performance

IVR opened at $7.70 on Friday. The business’s 50-day simple moving average is $8.52 and its 200 day simple moving average is $8.12. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.50. The firm has a market capitalization of $669.40 million, a PE ratio of 6.01 and a beta of 1.76.

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

Invesco Mortgage Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 18.7%. The ex-dividend date is Tuesday, March 24th. Invesco Mortgage Capital’s dividend payout ratio is currently 112.50%.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently added to or reduced their stakes in IVR. Invesco Ltd. grew its holdings in shares of 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 worth $21,495,000 after purchasing an additional 199,259 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Invesco Mortgage Capital in the 4th quarter valued at approximately $129,000. Vident Advisory LLC increased its position in Invesco Mortgage Capital by 8.8% in the 4th quarter. Vident Advisory LLC now owns 30,940 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 2,492 shares during the period. XTX Topco Ltd bought a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at $306,000. Finally, Zacks Investment Management raised its stake in shares of Invesco Mortgage Capital by 22.4% during the fourth quarter. Zacks Investment Management now owns 251,349 shares of the real estate investment trust’s stock valued at $2,114,000 after acquiring an additional 46,029 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

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.