Invesco Mortgage Capital (NYSE:IVR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

IVR has been the topic of a number of other reports. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Finally, UBS Group set a $7.75 target price on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Invesco Mortgage Capital has a consensus rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Stock Up 0.1%

NYSE IVR opened at $7.21 on Friday. The stock has a market capitalization of $776.08 million, a P/E ratio of 4.87 and a beta of 1.62. Invesco Mortgage Capital has a 52-week low of $7.05 and a 52-week high of $9.50. The firm has a 50-day moving average price of $7.59 and a 200 day moving average price of $7.93.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $30.10 million for 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%. On average, equities research analysts expect that Invesco Mortgage Capital will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 20.0%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 97.30%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several large investors have recently added to or reduced their stakes in IVR. BlackRock Inc. bought a new position in Invesco Mortgage Capital in the second quarter valued at about $69,562,000. Vanguard Group Inc. lifted its position in Invesco Mortgage Capital by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock valued at $28,180,000 after purchasing an additional 50,548 shares during the period. Invesco Ltd. boosted its stake in shares of Invesco Mortgage Capital by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after purchasing an additional 199,259 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Invesco Mortgage Capital by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock valued at $14,369,000 after purchasing an additional 101,303 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Invesco Mortgage Capital by 7.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock worth $11,674,000 after buying an additional 113,608 shares during the period. Institutional investors and hedge funds 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 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.