Invesco Mortgage Capital (NYSE:IVR) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Finally, UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Invesco Mortgage Capital currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Invesco Mortgage Capital Stock Up 0.5%

NYSE IVR opened at $6.42 on Friday. Invesco Mortgage Capital has a 52 week low of $6.35 and a 52 week high of $9.50. The company has a market capitalization of $690.51 million, a P/E ratio of 4.33 and a beta of 1.62. The stock’s 50-day moving average price is $7.23 and its 200-day moving average price is $7.75.

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

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 28th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, September 28th. This represents a $1.44 annualized dividend and a dividend yield of 22.4%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 97.30%.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new position in Invesco Mortgage Capital during the second quarter valued at $60,000. Global Retirement Partners LLC purchased a new stake in Invesco Mortgage Capital in the 2nd quarter worth $70,000. Oxford Financial Group LTD. LLC purchased a new stake in Invesco Mortgage Capital in the 2nd quarter worth $79,000. Able Wealth Management LLC purchased a new stake in Invesco Mortgage Capital in the 1st quarter worth $87,000. Finally, Equitable Holdings Inc. bought a new position in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $90,000. Institutional investors 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 invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.

The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.