Invesco Mortgage Capital (NYSE:IVR) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Zacks Research upgraded shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Stock Performance

IVR opened at $7.49 on Friday. Invesco Mortgage Capital has a one year low of $7.10 and a one year high of $9.50. The stock has a market capitalization of $805.69 million, a P/E ratio of 5.06 and a beta of 1.60. The business’s 50-day simple moving average is $7.81 and its 200-day simple moving average is $8.16.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. On average, equities research analysts forecast that Invesco Mortgage Capital will post 2.01 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 27th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 19.2%. The ex-dividend date is Monday, July 27th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 97.30%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Mortgage Capital by 3,282.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,954 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Invesco Mortgage Capital during the fourth quarter worth about $33,000. Comerica Bank raised its holdings in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,839 shares in the last quarter. Caption Management LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter worth about $43,000. Finally, BNP Paribas Financial Markets lifted its position in Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 2,548 shares during the period. 40.54% of the stock is owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.