UBS Group Forecasts Strong Price Appreciation for INVESCO MORTGAGE CAPITAL (NYSE:IVR) Stock

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) had its price target lifted by research analysts at UBS Group from $6.50 to $7.25 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price would suggest a potential downside of 5.48% from the company's current price.

Separately, Wall Street Zen downgraded INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a research report on Friday, May 9th.

INVESCO MORTGAGE CAPITAL Stock Down 1.2%

Shares of NYSE:IVR traded down $0.09 during trading on Thursday, reaching $7.67. 1,816,594 shares of the company traded hands, compared to its average volume of 1,536,528. The company's 50 day moving average is $7.62 and its two-hundred day moving average is $7.87. The firm has a market capitalization of $505.76 million, a PE ratio of 18.26 and a beta of 1.62. INVESCO MORTGAGE CAPITAL has a 52 week low of $5.86 and a 52 week high of $9.97.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $18.82 million during the quarter, compared to the consensus estimate of $44.71 million. INVESCO MORTGAGE CAPITAL had a return on equity of 32.00% and a net margin of 17.27%. As a group, research analysts anticipate that INVESCO MORTGAGE CAPITAL will post 2.49 EPS for the current year.

Hedge Funds Weigh In On INVESCO MORTGAGE CAPITAL

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock worth $1,068,000 after buying an additional 2,472 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after buying an additional 3,758 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 2.7% during the 1st quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust's stock worth $685,000 after buying an additional 2,260 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 76.2% during the 4th quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock worth $373,000 after buying an additional 20,038 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in INVESCO MORTGAGE CAPITAL by 32.3% in the 4th quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust's stock worth $491,000 after purchasing an additional 14,897 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company's stock.

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.