Invesco Mortgage Capital Inc (NYSE:IVR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

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. “

A number of other research firms also recently issued reports on IVR. Keefe, Bruyette & Woods downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $16.25 to $15.50 in a report on Tuesday, December 13th. Instinet downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “neutral” rating in a report on Friday, February 24th. Nomura downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “neutral” rating in a report on Friday, February 24th. Finally, TheStreet upgraded shares of Invesco Mortgage Capital from a “d+” rating to a “c-” rating in a report on Wednesday, February 22nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.00.

Analyst Recommendations for Invesco Mortgage Capital (NYSE:IVR)

Shares of Invesco Mortgage Capital (NYSE:IVR) opened at 15.48 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 7.84 and a beta of 0.76. The firm has a 50-day moving average of $15.18 and a 200-day moving average of $15.05. Invesco Mortgage Capital has a one year low of $11.53 and a one year high of $16.28.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 13.63% and a return on equity of 9.82%. The business earned $80.20 million during the quarter, compared to analyst estimates of $78.15 million. During the same quarter last year, the business earned $0.41 earnings per share. Invesco Mortgage Capital’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts expect that Invesco Mortgage Capital will post $1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Monday, March 27th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, March 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 10.34%. Invesco Mortgage Capital’s payout ratio is 432.44%.

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In other news, insider David B. Lyle bought 4,600 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $69,000.00. Following the completion of the acquisition, the insider now owns 13,668 shares in the company, valued at $205,020. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Marshall bought 5,700 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average price of $15.50 per share, for a total transaction of $88,350.00. Following the completion of the acquisition, the insider now owns 21,210 shares of the company’s stock, valued at approximately $328,755. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its position in shares of Invesco Mortgage Capital by 6.0% in the third quarter. BlackRock Fund Advisors now owns 6,328,764 shares of the real estate investment trust’s stock worth $96,387,000 after buying an additional 360,124 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Invesco Mortgage Capital by 43.2% in the third quarter. Prudential Financial Inc. now owns 1,898,631 shares of the real estate investment trust’s stock worth $28,916,000 after buying an additional 572,640 shares during the last quarter. UBS Group AG increased its position in shares of Invesco Mortgage Capital by 64.3% in the third quarter. UBS Group AG now owns 1,717,742 shares of the real estate investment trust’s stock worth $26,161,000 after buying an additional 672,192 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Invesco Mortgage Capital by 11.6% in the third quarter. Global X Management Co. LLC now owns 1,406,918 shares of the real estate investment trust’s stock worth $21,427,000 after buying an additional 145,803 shares during the last quarter. Finally, Whitebox Advisors LLC increased its position in shares of Invesco Mortgage Capital by 96.5% in the third quarter. Whitebox Advisors LLC now owns 1,341,047 shares of the real estate investment trust’s stock worth $20,424,000 after buying an additional 658,502 shares during the last quarter. Institutional investors and hedge funds own 62.96% of the company’s stock.

About Invesco Mortgage Capital

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