Zacks Investment Research upgraded shares of Invesco Mortgage Capital Inc. (NYSE:IVR) from a sell rating to a hold rating in a report released 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 subject of several other reports. Keefe, Bruyette & Woods set a $16.30 price objective on Invesco Mortgage Capital and gave the company a buy rating in a report on Tuesday, August 9th. Nomura reissued an in-line rating and set a $17.00 price objective (up from $16.00) on shares of Invesco Mortgage Capital in a report on Monday, August 8th. Barclays PLC increased their price objective on 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 reissued a buy rating and set a $16.50 price objective on shares of Invesco Mortgage Capital in a report on Friday, September 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Invesco Mortgage Capital presently has a consensus rating of Hold and a consensus price target of $16.13.

Analyst Recommendations for Invesco Mortgage Capital (NYSE:IVR)

Shares of Invesco Mortgage Capital (NYSE:IVR) traded up 0.96% during midday trading on Wednesday, reaching $14.74. The company had a trading volume of 249,616 shares. Invesco Mortgage Capital has a one year low of $9.74 and a one year high of $16.28. The company has a market capitalization of $1.64 billion, a PE ratio of 28.57 and a beta of 0.83. The company has a 50 day moving average of $14.75 and a 200 day moving average of $14.62.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Invesco Mortgage Capital had a return on equity of 9.82% and a net margin of 13.63%. During the same quarter last year, the business earned $0.40 earnings per share. Analysts predict that Invesco Mortgage Capital will post $1.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Tuesday, September 27th were given a $0.40 dividend. The ex-dividend date was Friday, September 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.96%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 432.44%.

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

Several large investors have recently modified their holdings of IVR. Global X Management Co. LLC increased its stake in shares of Invesco Mortgage Capital by 8.7% in the second quarter. Global X Management Co. LLC now owns 1,261,115 shares of the real estate investment trust’s stock worth $17,265,000 after buying an additional 101,381 shares during the period. Nomura Holdings Inc. purchased a new stake in Invesco Mortgage Capital during the second quarter worth $209,000. BlackRock Inc. increased its stake in 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. Teacher Retirement System of Texas increased its stake in Invesco Mortgage Capital by 8.7% in the second quarter. Teacher Retirement System of Texas now owns 15,917 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 1,280 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in Invesco Mortgage Capital during the first quarter worth $620,000. Institutional investors own 64.51% of the company’s stock.

Invesco Mortgage Capital Company Profile

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