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

Key Points

• Wall Street Zen upgraded Invesco Mortgage Capital from “sell” to “hold.” Analysts’ overall consensus is also “hold,” with an average price target of $8.38.
• For its latest reported quarter, IVR earned $0.47 per share, slightly above the $0.46 estimate, but revenue of $33.93 million fell short of the $57.52 million forecast.
• The stock opened at $5.04 and has traded between $4.84 and $9.50 over the past 12 months; institutional investors own 40.54% of its shares.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

IVR has been the topic of a number of other reports. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. Zacks Research raised Invesco Mortgage Capital from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 8th. Finally, Weiss Ratings cut shares of Invesco Mortgage Capital from a "hold (c-)" rating to a "sell (d)" rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.38.

Invesco Mortgage Capital Stock Up 0.9%

Invesco Mortgage Capital stock opened at $5.04 on Friday. Invesco Mortgage Capital has a twelve month low of $4.84 and a twelve month high of $9.50. The company has a market capitalization of $549.32 million, a P/E ratio of 2.40 and a beta of 1.73. The stock's 50 day moving average is $5.88 and its 200 day moving average is $7.48.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Invesco Mortgage Capital had a positive return on equity of 26.75% and a negative net margin of 8.49%. The business had revenue of $33.93 million during the quarter, compared to analysts' expectations of $57.52 million. As a group, equities analysts expect that Invesco Mortgage Capital will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Invesco Mortgage Capital in the 2nd quarter worth $60,000. Fisher Asset Management LLC purchased a new position in shares of Invesco Mortgage Capital in the third quarter worth $63,000. Global Retirement Partners LLC purchased a new position in shares of Invesco Mortgage Capital in the second quarter worth $70,000. Genesee Capital Advisors LLC purchased a new position in shares of Invesco Mortgage Capital in the third quarter worth $70,000. Finally, Oxford Financial Group LTD. LLC bought a new position in shares of Invesco Mortgage Capital during the second quarter valued at $79,000. 40.54% of the stock is owned by institutional investors.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc. is a real estate investment trust that invests in mortgage-related assets, with a portfolio focused on residential and commercial mortgage-backed securities and mortgage loans. Its investments include securities backed by U.S. government agencies as well as non-agency securities. Founded in 2009, the company is externally managed by Invesco Advisers, Inc., an investment adviser affiliated with Invesco Ltd. Its activities are primarily focused on U.S. mortgage markets.

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