Invesco Mortgage Capital Inc. (NYSE:IVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd., a leading independent global investment management company. The company’s objective is to provide attractive risk-adjusted returns to its investors over the long term, primarily through dividends and secondarily through capital appreciation. “

IVR has been the topic of several other research reports. Keefe, Bruyette & Woods set a $16.30 target price on shares of Invesco Mortgage Capital and gave the company a “buy” rating in a report on Tuesday, August 9th. Nomura restated an “in-line” rating and issued a $17.00 target price (up previously from $16.00) on shares of Invesco Mortgage Capital in a report on Monday, August 8th. Barclays PLC boosted their target price on shares of Invesco Mortgage Capital from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $16.50 price objective on shares of Invesco Mortgage Capital in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Invesco Mortgage Capital presently has an average rating of “Hold” and an average price target of $15.97.

Analyst Recommendations for Invesco Mortgage Capital (NYSE:IVR)

Invesco Mortgage Capital (NYSE:IVR) opened at 14.45 on Wednesday. The firm’s market cap is $1.61 billion. The stock has a 50 day moving average price of $15.38 and a 200-day moving average price of $14.19. Invesco Mortgage Capital has a 1-year low of $9.74 and a 1-year high of $16.28.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Friday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $79.24 million for the quarter, compared to analyst estimates of $72.22 million. Invesco Mortgage Capital had a negative net margin of 34.78% and a positive return on equity of 9.86%. Invesco Mortgage Capital’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts forecast that Invesco Mortgage Capital will post $1.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, September 27th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.07%. The ex-dividend date is Friday, September 23rd. Invesco Mortgage Capital’s payout ratio is presently -86.02%.

In other Invesco Mortgage Capital news, insider John Anzalone bought 3,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of $15.38 per share, with a total value of $46,140.00. Following the completion of the transaction, the insider now directly owns 57,107 shares in the company, valued at approximately $878,305.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. King bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $15.38 per share, with a total value of $76,900.00. Following the completion of the transaction, the chief executive officer now owns 114,402 shares of the company’s stock, valued at $1,759,502.76. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Several large investors have recently bought and sold shares of IVR. Nomura Holdings Inc. acquired a new stake in Invesco Mortgage Capital during the second quarter valued at approximately $209,000. BlackRock Inc. increased its stake in shares of Invesco Mortgage Capital by 58.5% in the first quarter. BlackRock Inc. now owns 11,668 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 4,308 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Invesco Mortgage Capital during the first quarter worth about $620,000. Quantbot Technologies LP increased its stake in shares of Invesco Mortgage Capital by 288.6% in the second quarter. Quantbot Technologies LP now owns 23,346 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 17,338 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Invesco Mortgage Capital by 8.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,630 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 6,317 shares during the last quarter. 63.42% of the stock is owned by institutional investors.

Invesco Mortgage Capital Company Profile

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