INVESCO MORTGAGE CAPITAL (NYSE:IVR) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of INVESCO MORTGAGE CAPITAL (NYSE:IVR) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other equities analysts have also weighed in on IVR. UBS Group boosted their price objective on shares of INVESCO MORTGAGE CAPITAL from $7.25 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Zacks Research raised shares of INVESCO MORTGAGE CAPITAL to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INVESCO MORTGAGE CAPITAL in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, INVESCO MORTGAGE CAPITAL currently has a consensus rating of “Reduce” and a consensus target price of $7.50.

INVESCO MORTGAGE CAPITAL Price Performance

NYSE:IVR opened at $7.22 on Friday. The firm has a 50 day simple moving average of $7.59 and a 200-day simple moving average of $7.48. The firm has a market cap of $478.43 million, a PE ratio of 18.04 and a beta of 1.74. INVESCO MORTGAGE CAPITAL has a 1-year low of $5.86 and a 1-year high of $9.06.

INVESCO MORTGAGE CAPITAL (NYSE:IVR) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $17.73 million during the quarter, compared to analyst estimates 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, sell-side analysts expect that INVESCO MORTGAGE CAPITAL will post 2.49 earnings per share for the current fiscal year.

INVESCO MORTGAGE CAPITAL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Monday, October 6th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 18.8%. The ex-dividend date is Monday, October 6th. INVESCO MORTGAGE CAPITAL’s payout ratio is currently 340.00%.

Institutional Investors Weigh In On INVESCO MORTGAGE CAPITAL

Several institutional investors have recently bought and sold shares of the business. KW Wealth Management LLC purchased a new stake in INVESCO MORTGAGE CAPITAL during the third quarter worth approximately $99,000. 180 Wealth Advisors LLC boosted its stake in shares of INVESCO MORTGAGE CAPITAL by 19.2% in the third quarter. 180 Wealth Advisors LLC now owns 19,089 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 3,071 shares during the period. CWM LLC boosted its stake in shares of INVESCO MORTGAGE CAPITAL by 698.7% in the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 6,575 shares during the period. Osaic Holdings Inc. boosted its stake in shares of INVESCO MORTGAGE CAPITAL by 108.0% in the second quarter. Osaic Holdings Inc. now owns 44,199 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 22,946 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of INVESCO MORTGAGE CAPITAL by 53.8% in the second quarter. Squarepoint Ops LLC now owns 99,252 shares of the real estate investment trust’s stock valued at $778,000 after purchasing an additional 34,707 shares during the period. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

About INVESCO MORTGAGE CAPITAL

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.