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 report issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of INVESCO MORTGAGE CAPITAL in a report on Tuesday, October 14th. Zacks Research upgraded shares of INVESCO MORTGAGE CAPITAL to a “hold” rating in a report on Monday, August 11th. Finally, UBS Group upped their price objective on shares of INVESCO MORTGAGE CAPITAL from $7.25 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $7.50.

INVESCO MORTGAGE CAPITAL Price Performance

Shares of NYSE IVR opened at $7.37 on Friday. INVESCO MORTGAGE CAPITAL has a 1 year low of $5.86 and a 1 year high of $9.06. The company’s 50-day moving average is $7.59 and its 200 day moving average is $7.48. The stock has a market capitalization of $488.37 million, a P/E ratio of 18.41 and a beta of 1.74.

INVESCO MORTGAGE CAPITAL (NYSE:IVR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $17.73 million for 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%. Research analysts anticipate that INVESCO MORTGAGE CAPITAL will post 2.49 earnings per share for the current year.

INVESCO MORTGAGE CAPITAL Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 18.5%. INVESCO MORTGAGE CAPITAL’s dividend payout ratio is presently 340.00%.

Institutional Investors Weigh In On INVESCO MORTGAGE CAPITAL

A number of institutional investors have recently made changes to their positions in IVR. Rhumbline Advisers lifted its position 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 valued at $685,000 after purchasing an additional 2,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in INVESCO MORTGAGE CAPITAL by 151.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,295,263 shares of the real estate investment trust’s stock valued at $10,220,000 after purchasing an additional 780,225 shares during the period. Wolverine Asset Management LLC bought a new position in INVESCO MORTGAGE CAPITAL during the first quarter valued at approximately $3,244,000. Jupiter Asset Management Ltd. bought a new position in INVESCO MORTGAGE CAPITAL during the first quarter valued at approximately $6,996,000. Finally, Corebridge Financial Inc. lifted its position in INVESCO MORTGAGE CAPITAL by 9.2% during the first quarter. Corebridge Financial Inc. now owns 29,972 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 2,517 shares during the period. Hedge funds and other 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.