INVESCO MORTGAGE CAPITAL’s (IVR) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of INVESCO MORTGAGE CAPITAL (NYSE:IVR) in a research report released on Tuesday,Weiss Ratings reports.

IVR has been the topic of several other reports. Zacks Research raised INVESCO MORTGAGE CAPITAL to a “hold” rating in a research report on Monday, August 11th. UBS Group raised 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. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $7.50.

INVESCO MORTGAGE CAPITAL Trading Down 1.1%

Shares of NYSE:IVR opened at $7.18 on Tuesday. The stock has a market capitalization of $476.11 million, a PE ratio of 17.95 and a beta of 1.74. INVESCO MORTGAGE CAPITAL has a 1 year low of $5.86 and a 1 year high of $9.06. The firm has a fifty day moving average price of $7.60 and a 200 day moving average price of $7.49.

INVESCO MORTGAGE CAPITAL (NYSE:IVR) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $17.73 million during the quarter, compared to analysts’ expectations of $45.93 million. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. On average, sell-side analysts forecast that INVESCO MORTGAGE CAPITAL will post 2.49 earnings per share for the current fiscal year.

INVESCO MORTGAGE CAPITAL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Monday, October 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 18.9%. The ex-dividend date is Monday, October 6th. INVESCO MORTGAGE CAPITAL’s dividend payout ratio (DPR) is presently 340.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVR. GAMMA Investing LLC lifted its stake in INVESCO MORTGAGE CAPITAL by 419.4% during the first quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,535 shares during the period. Rhumbline Advisers lifted its stake in INVESCO MORTGAGE CAPITAL by 2.7% during the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock worth $685,000 after purchasing an additional 2,260 shares during the period. Bank of New York Mellon Corp lifted its stake in INVESCO MORTGAGE CAPITAL by 12.4% during the first quarter. Bank of New York Mellon Corp now owns 149,094 shares of the real estate investment trust’s stock worth $1,176,000 after purchasing an additional 16,440 shares during the period. Penserra Capital Management LLC lifted its stake in INVESCO MORTGAGE CAPITAL by 21.1% during the first quarter. Penserra Capital Management LLC now owns 136,359 shares of the real estate investment trust’s stock worth $1,075,000 after purchasing an additional 23,746 shares during the period. Finally, Arizona State Retirement System lifted its stake in INVESCO MORTGAGE CAPITAL by 9.5% during the first quarter. Arizona State Retirement System now owns 17,419 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 1,510 shares during the period. Institutional investors own 40.54% of the company’s stock.

INVESCO MORTGAGE CAPITAL Company Profile

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.