Invesco Mortgage Capital (NYSE:IVR) Now Covered by Analysts at Compass Point

Compass Point initiated coverage on shares of Invesco Mortgage Capital (NYSE:IVR) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $9.00 target price on the real estate investment trust’s stock.

Several other research firms have also weighed in on IVR. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a report on Monday. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, UBS Group raised their target price on shares of Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Trading Up 1.6%

Invesco Mortgage Capital stock opened at $8.29 on Monday. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.06. The firm’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $7.67. The company has a market capitalization of $587.96 million, a P/E ratio of 16.28 and a beta of 1.71.

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 the consensus estimate of $0.53 by $0.05. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. The firm had revenue of ($22.71) million for the quarter, compared to the consensus estimate of $45.40 million. On average, equities research analysts predict that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Monday, October 6th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, October 6th. This represents a $1.36 annualized dividend and a dividend yield of 16.4%. Invesco Mortgage Capital’s payout ratio is presently 266.67%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVR. Bogart Wealth LLC raised its stake in shares of Invesco Mortgage Capital by 103.9% in the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,400 shares in the last quarter. Comerica Bank lifted its holdings in shares of Invesco Mortgage Capital by 1,722.1% during the 3rd 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 period. BNP Paribas Financial Markets increased its stake in Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares during the period. PNC Financial Services Group Inc. raised its position in Invesco Mortgage Capital by 59.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,757 shares in the last quarter. Finally, CWM LLC lifted its stake in Invesco Mortgage Capital by 698.7% during the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 6,575 shares during the period. 40.54% of the stock is currently owned by 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.