Invesco Mortgage Capital (NYSE:IVR) Raised to “Hold” at Wall Street Zen

Invesco Mortgage Capital (NYSE:IVR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts have also recently weighed in on IVR. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Zacks Research cut Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Compass Point initiated coverage on Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Invesco Mortgage Capital Trading Down 0.1%

NYSE:IVR opened at $7.70 on Friday. The company’s 50-day moving average price is $8.52 and its 200-day moving average price is $8.13. The company has a market cap of $669.43 million, a P/E ratio of 6.01 and a beta of 1.76. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $56.06 million for the quarter, compared to analyst estimates of $47.99 million. Invesco Mortgage Capital had a return on equity of 28.85% and a net margin of 34.30%. On average, analysts expect that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Institutional Trading of Invesco Mortgage Capital

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Mortgage Capital by 3,282.2% during the 4th 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 last quarter. FNY Investment Advisers LLC purchased a new position in Invesco Mortgage Capital in the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new position in Invesco Mortgage Capital in the fourth quarter worth approximately $33,000. Comerica Bank increased its stake in Invesco Mortgage Capital by 1,722.1% during the third 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. Finally, Caption Management LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.