INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) had its target price upped by analysts at UBS Group from $7.25 to $7.50 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price points to a potential downside of 3.90% from the company's current price.
Other analysts also recently issued reports about the stock. Zacks Research upgraded shares of INVESCO MORTGAGE CAPITAL to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.50.
Check Out Our Latest Research Report on IVR
INVESCO MORTGAGE CAPITAL Price Performance
Shares of INVESCO MORTGAGE CAPITAL stock opened at $7.80 on Wednesday. The company's fifty day simple moving average is $7.68 and its 200-day simple moving average is $7.72. The stock has a market capitalization of $517.48 million, a PE ratio of 19.42 and a beta of 1.76. INVESCO MORTGAGE CAPITAL has a 1-year low of $5.86 and a 1-year high of $9.42.
INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $17.73 million for the quarter, compared to the consensus estimate of $45.93 million. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. As a group, research analysts anticipate that INVESCO MORTGAGE CAPITAL will post 2.49 EPS for the current year.
Institutional Investors Weigh In On INVESCO MORTGAGE CAPITAL
Several hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC lifted its position in shares of INVESCO MORTGAGE CAPITAL by 53.8% in the 2nd quarter. Squarepoint Ops LLC now owns 99,252 shares of the real estate investment trust's stock worth $778,000 after purchasing an additional 34,707 shares during the period. Vident Advisory LLC lifted its holdings in INVESCO MORTGAGE CAPITAL by 89.1% during the second quarter. Vident Advisory LLC now owns 26,741 shares of the real estate investment trust's stock worth $210,000 after buying an additional 12,598 shares during the period. Engineers Gate Manager LP purchased a new stake in INVESCO MORTGAGE CAPITAL during the second quarter worth $282,000. BNP Paribas Financial Markets lifted its holdings in INVESCO MORTGAGE CAPITAL by 83.5% during the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust's stock worth $44,000 after buying an additional 2,548 shares during the period. Finally, Bank of America Corp DE lifted its holdings in INVESCO MORTGAGE CAPITAL by 11.6% during the second quarter. Bank of America Corp DE now owns 65,711 shares of the real estate investment trust's stock worth $515,000 after buying an additional 6,805 shares during the period. Hedge funds and other institutional investors 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.
Further Reading
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