Invesco Mortgage Capital (NYSE:IVR) Rating Increased to Hold 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 released on Saturday morning.

Several other research analysts have also issued reports on the company. Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Invesco Mortgage Capital in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Invesco Mortgage Capital has an average rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Price Performance

Invesco Mortgage Capital stock opened at $8.00 on Friday. The stock has a fifty day moving average price of $8.14 and a two-hundred day moving average price of $8.29. Invesco Mortgage Capital has a 52-week low of $7.10 and a 52-week high of $9.50. The firm has a market capitalization of $742.10 million, a P/E ratio of 10.80 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.The firm had revenue of ($15.01) million during the quarter, compared to analyst estimates of $39.80 million. On average, equities research analysts predict that Invesco Mortgage Capital will post 2.25 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 12th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 18.0%. The ex-dividend date is Tuesday, May 26th. Invesco Mortgage Capital’s dividend payout ratio is presently 194.59%.

Institutional Trading of Invesco Mortgage Capital

Several large investors have recently made changes to their positions in the business. Quantinno Capital Management LP grew its holdings in shares of Invesco Mortgage Capital by 24.0% during the first quarter. Quantinno Capital Management LP now owns 45,497 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 8,805 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Invesco Mortgage Capital by 42.4% during the first quarter. Renaissance Technologies LLC now owns 677,100 shares of the real estate investment trust’s stock worth $5,471,000 after purchasing an additional 201,500 shares during the last quarter. Sei Investments Co. boosted its holdings in Invesco Mortgage Capital by 596.1% in the first quarter. Sei Investments Co. now owns 102,771 shares of the real estate investment trust’s stock valued at $830,000 after acquiring an additional 88,008 shares during the last quarter. State of Wyoming boosted its holdings in Invesco Mortgage Capital by 394.4% in the first quarter. State of Wyoming now owns 41,004 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 32,710 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Mortgage Capital by 6.9% in the first quarter. Cetera Investment Advisers now owns 222,127 shares of the real estate investment trust’s stock valued at $1,795,000 after acquiring an additional 14,361 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

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.