INVESCO MORTGAGE CAPITAL (NYSE:IVR) Stock Rating Upgraded by Wall Street Zen

Key Points

• INVESCO MORTGAGE CAPITAL's stock was recently upgraded from a "sell" to a "hold" rating by Wall Street Zen, joining others like Zacks Research which also maintains a "hold" rating.
• The company's latest quarterly earnings report showed an EPS of $0.58, surpassing analysts' expectations of $0.56, despite revenue falling short at $17.73 million against expected $45.93 million.
• Institutional investors have increased their stakes significantly, with notable increases from firms like Bogart Wealth LLC and BNP Paribas Financial Markets, indicating growing confidence in the REIT.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

IVR has been the topic of a number of other reports. Weiss Ratings restated a "sell (d)" rating on shares of INVESCO MORTGAGE CAPITAL in a research note on Tuesday. Zacks Research upgraded INVESCO MORTGAGE CAPITAL to a "hold" rating in a research note on Monday, August 11th. Finally, 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 research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $7.50.

INVESCO MORTGAGE CAPITAL Stock Up 0.2%

NYSE:IVR opened at $7.22 on Friday. The stock's fifty day moving average is $7.59 and its two-hundred day moving average is $7.49. INVESCO MORTGAGE CAPITAL has a 52 week low of $5.86 and a 52 week high of $9.06. The stock has a market capitalization of $478.43 million, a price-to-earnings ratio of 18.04 and a beta of 1.74.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 EPS for the quarter, topping 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 company had revenue of $17.73 million for the quarter, compared to analysts' expectations of $45.93 million. On average, sell-side analysts expect that INVESCO MORTGAGE CAPITAL will post 2.49 EPS for the current fiscal year.

Institutional Trading of INVESCO MORTGAGE CAPITAL

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC raised its stake in INVESCO MORTGAGE CAPITAL by 103.9% in the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 2,400 shares in the last quarter. BNP Paribas Financial Markets raised its stake in INVESCO MORTGAGE CAPITAL by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 2,548 shares in the last quarter. CWM LLC raised its stake in INVESCO MORTGAGE CAPITAL by 698.7% in the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 6,575 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in INVESCO MORTGAGE CAPITAL by 59.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 2,757 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in INVESCO MORTGAGE CAPITAL in the second quarter valued at $82,000. 40.54% of the stock is currently 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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