Invesco Mortgage Capital (NYSE:IVR) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Invesco Mortgage Capital from “strong sell” to “hold,” while other analysts remain cautious; the consensus rating is “Hold” with an $8.38 price target.
• IVR shares opened at $5.70, near their 12-month low of $5.52 and below both their 50-day ($6.88) and 200-day ($7.59) moving averages.
• The company’s latest quarterly results met EPS expectations at $0.50, but revenue of $30.10 million fell short of the $46.48 million consensus estimate; institutional investors own 40.54% of the stock.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Thursday, Zacks reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Invesco Mortgage Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, September 22nd. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Saturday, September 26th. Finally, UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Invesco Mortgage Capital presently has an average rating of "Hold" and a consensus price target of $8.38.

Invesco Mortgage Capital Trading Up 0.3%

Invesco Mortgage Capital stock opened at $5.70 on Thursday. The firm has a market cap of $613.01 million, a price-to-earnings ratio of 3.85 and a beta of 1.69. The stock has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $7.59. Invesco Mortgage Capital has a 12 month low of $5.52 and a 12 month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. The firm had revenue of $30.10 million for the quarter, compared to the consensus estimate of $46.48 million. On average, equities research analysts forecast that Invesco Mortgage Capital will post 1.97 EPS for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Invesco Mortgage Capital in the second quarter worth about $60,000. Global Retirement Partners LLC purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $70,000. Oxford Financial Group LTD. LLC bought a new position in shares of Invesco Mortgage Capital in the 2nd quarter worth approximately $79,000. Able Wealth Management LLC bought a new position in shares of Invesco Mortgage Capital in the 1st quarter worth approximately $87,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Invesco Mortgage Capital in the second quarter worth approximately $90,000. Hedge funds and other institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company's primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.

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