Invesco Mortgage Capital (NYSE:IVR) Stock Rating Lowered by Zacks Research

Invesco Mortgage Capital (NYSE:IVR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on IVR. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a report on Wednesday, August 19th. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Stock Up 0.6%

Shares of NYSE IVR opened at $7.42 on Wednesday. The company has a market cap of $798.37 million, a P/E ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital has a 52 week low of $7.10 and a 52 week high of $9.50. The business has a 50-day simple moving average of $7.69 and a two-hundred day simple moving average of $8.00.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 buying an additional 2,954 shares during the period. Kestra Advisory Services LLC purchased a new stake in Invesco Mortgage Capital during the 4th quarter valued at about $33,000. Comerica Bank grew its position in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares during the last quarter. Caption Management LLC bought a new position in Invesco Mortgage Capital during the 4th quarter worth approximately $43,000. Finally, BNP Paribas Financial Markets increased its stake in Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,548 shares during the period. 40.54% of the stock is 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.