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

Invesco Mortgage Capital Inc (NYSE:IVR) has been given an average rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $8.25.

IVR has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday. Compass Point started coverage on Invesco Mortgage Capital in a report on Monday. They issued a “buy” rating and a $9.00 price target for the company. UBS Group increased their price objective on Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th.

Invesco Mortgage Capital Stock Up 5.0%

IVR stock opened at $8.83 on Monday. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.06. The firm has a market cap of $626.49 million, a price-to-earnings ratio of 17.31 and a beta of 1.71. The business’s fifty day simple moving average is $7.78 and its two-hundred day simple moving average is $7.69.

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

Invesco Mortgage Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Monday, December 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 29th. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 16.3%. Invesco Mortgage Capital’s dividend payout ratio is presently 266.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVR. PharVision Advisers LLC purchased a new position in Invesco Mortgage Capital during the 3rd quarter valued at about $94,000. Millennium Management LLC increased its holdings in Invesco Mortgage Capital by 1,607.0% during the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock valued at $11,517,000 after buying an additional 1,434,149 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Invesco Mortgage Capital by 7.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock valued at $11,674,000 after buying an additional 113,608 shares during the period. Alliancebernstein L.P. raised its stake in Invesco Mortgage Capital by 27.9% in the third quarter. Alliancebernstein L.P. now owns 79,663 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 17,400 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Invesco Mortgage Capital by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 340,898 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 4,101 shares in the last quarter. 40.54% of the stock is currently owned by 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.