Invesco Mortgage Capital (NYSE:IVR) Stock Rating Upgraded by StockNews.com

Invesco Mortgage Capital (NYSE:IVR) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other research firms have also recently commented on IVR. Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.00 target price on the stock. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

Invesco Mortgage Capital Stock Performance

IVR stock opened at $8.77 on Thursday. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $11.42. The firm has a market cap of $428.20 million, a PE ratio of -12.53 and a beta of 1.90. The firm’s 50 day moving average price is $9.03 and its 200-day moving average price is $9.02.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.11. The company had revenue of $68.03 million during the quarter, compared to analysts’ expectations of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 62.02% and a negative net margin of 2.96%. During the same quarter last year, the firm earned $1.45 earnings per share. Equities research analysts predict that Invesco Mortgage Capital will post 3.58 EPS for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the second quarter worth $26,000. Headlands Technologies LLC purchased a new stake in Invesco Mortgage Capital during the 2nd quarter worth about $33,000. Global Retirement Partners LLC raised its position in Invesco Mortgage Capital by 100.1% in the 1st quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,425 shares in the last quarter. Valley Brook Capital Group Inc. purchased a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at about $91,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of Invesco Mortgage Capital during the second quarter worth about $102,000. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Mortgage Capital

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.