Invesco Mortgage Capital (NYSE:IVR) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks reports.

A number of other research firms have also issued reports on IVR. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings lowered shares of Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Stock Up 0.3%

NYSE:IVR opened at $5.70 on Thursday. The stock has a fifty day simple moving average of $6.88 and a 200 day simple moving average of $7.59. The firm has a market capitalization of $613.01 million, a price-to-earnings ratio of 3.85 and a beta of 1.69. Invesco Mortgage Capital has a 1-year low of $5.52 and a 1-year high of $9.50.

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

Invesco Mortgage Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 25.3%. Invesco Mortgage Capital’s payout ratio is currently 97.30%.

Institutional Trading of Invesco Mortgage Capital

Several large investors have recently modified their holdings of IVR. BlackRock Inc. bought a new stake in Invesco Mortgage Capital during the 2nd quarter valued at approximately $69,562,000. State Street Corp boosted its stake in Invesco Mortgage Capital by 31.6% during the second quarter. State Street Corp now owns 1,849,062 shares of the real estate investment trust’s stock worth $14,803,000 after buying an additional 443,882 shares in the last quarter. Van ECK Associates Corp increased its stake in Invesco Mortgage Capital by 10.6% in the second quarter. Van ECK Associates Corp now owns 1,073,203 shares of the real estate investment trust’s stock valued at $8,478,000 after acquiring an additional 102,772 shares during the period. Renaissance Technologies LLC grew its stake in shares of Invesco Mortgage Capital by 42.4% in the 1st quarter. Renaissance Technologies LLC now owns 677,100 shares of the real estate investment trust’s stock valued at $5,471,000 after purchasing an additional 201,500 shares during the period. Finally, Bank of America Corp DE raised its stake in Invesco Mortgage Capital by 190.1% during the first quarter. Bank of America Corp DE now owns 410,787 shares of the real estate investment trust’s stock worth $3,319,000 after acquiring an additional 269,195 shares in the last quarter. 40.54% of the stock is owned by institutional investors.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.