Invesco Mortgage Capital (NYSE:IVR) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Invesco Mortgage Capital's stock has been given a "sell (D)" rating by Weiss Ratings, while Zacks Research upgraded it to a "hold" rating.
• The company's current consensus price target stands at $7.50, with recent trading observed at $7.32 per share.
• Invesco Mortgage Capital reported earnings of $0.58 per share, surpassing estimates, but its revenue fell short of expectations at $17.73 million.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report)'s stock had its "sell (d)" rating reissued by Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

A number of other research firms have also commented on IVR. Zacks Research raised Invesco Mortgage Capital to a "hold" rating in a research note on Monday, August 11th. UBS Group increased their price objective on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $7.50.

Invesco Mortgage Capital Trading Down 0.5%

Shares of IVR stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.32. The stock had a trading volume of 1,327,572 shares, compared to its average volume of 1,693,131. Invesco Mortgage Capital has a 12-month low of $5.86 and a 12-month high of $9.06. The company has a market cap of $485.06 million, a P/E ratio of 18.29 and a beta of 1.74. The business has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $7.50.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%.The business had revenue of $17.73 million during the quarter, compared to analysts' expectations of $45.93 million. Research analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Invesco Mortgage Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust's stock worth $27,091,000 after buying an additional 239,579 shares during the last quarter. Invesco Ltd. boosted its stake in Invesco Mortgage Capital by 1.6% in the 1st quarter. Invesco Ltd. now owns 2,363,174 shares of the real estate investment trust's stock worth $18,645,000 after buying an additional 38,354 shares during the last quarter. Geode Capital Management LLC boosted its stake in Invesco Mortgage Capital by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,577,067 shares of the real estate investment trust's stock worth $12,366,000 after buying an additional 70,151 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Invesco Mortgage Capital by 10.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,430,586 shares of the real estate investment trust's stock worth $11,216,000 after buying an additional 135,323 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Invesco Mortgage Capital by 134.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 964,658 shares of the real estate investment trust's stock worth $7,563,000 after buying an additional 553,495 shares during the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Company Profile

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.

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