Invesco Mortgage Capital (NYSE:IVR) Rating Lowered to Strong Sell at Zacks Research

Invesco Mortgage Capital (NYSE:IVR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

IVR has been the subject of a number of other reports. Weiss Ratings cut shares of Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Invesco Mortgage Capital has a consensus rating of “Reduce” and an average target price of $8.25.

Invesco Mortgage Capital Trading Down 0.4%

Shares of IVR opened at $7.89 on Tuesday. The company has a market cap of $731.89 million, a price-to-earnings ratio of 10.66 and a beta of 1.64. Invesco Mortgage Capital has a 1-year low of $7.10 and a 1-year high of $9.50. The company’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $8.32.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of ($15.01) million for the quarter, compared to the consensus estimate of $39.80 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. As a group, research analysts forecast that Invesco Mortgage Capital will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Mortgage Capital by 3,282.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter valued at $28,000. Kestra Advisory Services LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter worth about $33,000. Caption Management LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter worth about $43,000. Finally, Comerica Bank grew its position in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 4,839 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.