Invesco Mortgage Capital (NYSE:IVR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.
Invesco Mortgage Capital Stock Up 0.6 %
Shares of Invesco Mortgage Capital stock traded up $0.06 during trading on Thursday, reaching $9.40. 748,594 shares of the stock were exchanged, compared to its average volume of 936,797. The firm has a market cap of $459.00 million, a price-to-earnings ratio of -13.43 and a beta of 1.85. Invesco Mortgage Capital has a 1 year low of $6.34 and a 1 year high of $12.37. The stock's fifty day moving average is $9.01 and its 200 day moving average is $8.71.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Invesco Mortgage Capital by 63.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 3,192 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Invesco Mortgage Capital by 24.9% in the 3rd 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 during the last quarter. Nisa Investment Advisors LLC increased its position in Invesco Mortgage Capital by 9.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 42,116 shares of the real estate investment trust's stock valued at $422,000 after buying an additional 3,530 shares in the last quarter. Principal Financial Group Inc. raised its stake in Invesco Mortgage Capital by 1.4% during the third quarter. Principal Financial Group Inc. now owns 239,808 shares of the real estate investment trust's stock valued at $2,400,000 after buying an additional 3,261 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Invesco Mortgage Capital in the third quarter worth $663,000. Institutional investors own 40.54% of the company's stock.
About Invesco Mortgage Capital
(
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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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