Zacks Research Upgrades Invesco Mortgage Capital (NYSE:IVR) to Hold

Invesco Mortgage Capital (NYSE:IVR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR opened at $7.51 on Monday. The stock has a market capitalization of $697.56 million, a P/E ratio of 10.16 and a beta of 1.59. The business has a 50-day moving average of $7.89 and a two-hundred day moving average of $8.23. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.The business had revenue of ($15.01) million for the quarter, compared to analyst estimates of $39.80 million. As a group, research analysts expect that Invesco Mortgage Capital will post 2.01 EPS for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 2,954 shares during the period. FNY Investment Advisers LLC bought a new position in Invesco Mortgage Capital in the fourth quarter worth $28,000. Kestra Advisory Services LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth $33,000. Caption Management LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth $43,000. Finally, Comerica Bank increased its holdings in Invesco Mortgage Capital by 1,722.1% in the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 4,839 shares during the period. Institutional investors and hedge funds 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.