Invesco Mortgage Capital (NYSE:IVR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

IVR has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Invesco Mortgage Capital in a research report on Tuesday, October 14th. UBS Group raised their target price on shares of Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Zacks Research upgraded shares of Invesco Mortgage Capital to a “hold” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.50.

Invesco Mortgage Capital Stock Down 0.5%

IVR traded down $0.04 on Friday, reaching $7.73. The company had a trading volume of 1,111,615 shares, compared to its average volume of 1,675,054. Invesco Mortgage Capital has a 1 year low of $5.86 and a 1 year high of $9.06. The stock has a market capitalization of $548.41 million, a PE ratio of 19.33 and a beta of 1.77. The stock has a 50-day moving average price of $7.53 and a 200-day moving average price of $7.57.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%.The business had revenue of ($22.71) million for the quarter, compared to analysts’ expectations of $45.40 million. As a group, analysts expect that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Monday, October 6th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 17.6%. The ex-dividend date was Monday, October 6th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 266.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IVR. Arizona State Retirement System boosted its holdings in Invesco Mortgage Capital by 9.5% in the 1st quarter. Arizona State Retirement System now owns 17,419 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 1,510 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Invesco Mortgage Capital by 3.1% in the 3rd quarter. PFG Investments LLC now owns 64,310 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 1,953 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Invesco Mortgage Capital by 16.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,011 shares during the period. Rhumbline Advisers boosted its stake in shares of Invesco Mortgage Capital by 2.7% in the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 2,260 shares in the last quarter. Finally, Bogart Wealth LLC grew its holdings in Invesco Mortgage Capital by 103.9% during the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,400 shares during the period. 40.54% of the stock is 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.