Invesco Mortgage Capital (NYSE:IVR - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.
Invesco Mortgage Capital Trading Up 1.2 %
NYSE:IVR traded up $0.10 during mid-day trading on Monday, hitting $8.67. The company had a trading volume of 843,376 shares, compared to its average volume of 945,709. The business has a fifty day simple moving average of $8.94 and a 200-day simple moving average of $8.57. The firm has a market capitalization of $421.73 million, a price-to-earnings ratio of -10.83 and a beta of 1.88. Invesco Mortgage Capital has a 1 year low of $6.34 and a 1 year high of $12.37.
Institutional Trading of Invesco Mortgage Capital
Several large investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of Invesco Mortgage Capital by 100.1% during the first quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 2,425 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Invesco Mortgage Capital by 500.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 7,544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Invesco Mortgage Capital by 63.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 3,192 shares during the last quarter. Valley Brook Capital Group Inc. purchased a new position in shares of Invesco Mortgage Capital during the 4th quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Invesco Mortgage Capital by 24.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust's stock worth $134,000 after buying an additional 2,662 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company's stock.
About Invesco Mortgage Capital
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco Mortgage Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco Mortgage Capital wasn't on the list.
While Invesco Mortgage Capital currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
