Invesco Mortgage Capital (NYSE:IVR) Rating Increased to Strong-Buy at Compass Point

Invesco Mortgage Capital (NYSE:IVR) was upgraded by analysts at Compass Point to a “strong-buy” rating in a note issued to investors on Monday, Marketbeat reports. The firm presently has a $9.00 price target on the real estate investment trust’s stock. Compass Point’s price target points to a potential upside of 10.24% from the company’s current price.

IVR has been the topic of a number of other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, UBS Group lifted their price target on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Invesco Mortgage Capital has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.16 on Monday. The stock has a market capitalization of $579.24 million, a PE ratio of 16.01 and a beta of 1.71. Invesco Mortgage Capital has a one year low of $5.86 and a one year high of $9.06. The business’s fifty day moving average price is $7.72 and its 200-day moving average price is $7.67.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of ($22.71) million for the quarter, compared to analysts’ expectations of $45.40 million. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%. As a group, equities analysts expect that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco Mortgage Capital

Large investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC increased its stake in Invesco Mortgage Capital by 103.9% in the 2nd quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,400 shares during the last quarter. Comerica Bank increased its position in shares of Invesco Mortgage Capital by 1,722.1% in the third 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 last quarter. BNP Paribas Financial Markets raised its stake in Invesco Mortgage Capital by 83.5% in the second 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 in the last quarter. CWM LLC lifted its position 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 valued at $57,000 after purchasing an additional 6,575 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Invesco Mortgage Capital by 59.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 2,757 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.