Zacks Investment Research upgraded shares of Invesco Mortgage Capital (NYSE:IVR – Get Rating) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. They currently have $2.00 target price on the real estate investment trust’s stock.
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. “
Other research analysts have also issued reports about the company. Credit Suisse Group decreased their target price on Invesco Mortgage Capital from $3.00 to $2.30 and set an underperform rating on the stock in a report on Thursday, March 10th. Barclays decreased their target price on Invesco Mortgage Capital from $3.00 to $2.00 in a report on Wednesday, April 27th. Finally, StockNews.com started coverage on Invesco Mortgage Capital in a report on Thursday, March 31st. They set a sell rating on the stock.
Invesco Mortgage Capital’s stock is scheduled to reverse split before the market opens on Monday, June 6th. The 1-10 reverse split was announced on Monday, June 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 6th.
Invesco Mortgage Capital (NYSE:IVR – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Invesco Mortgage Capital had a positive return on equity of 18.25% and a negative net margin of 180.40%. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities analysts expect that Invesco Mortgage Capital will post 0.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 27th. Shareholders of record on Friday, April 8th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 20.69%. The ex-dividend date was Thursday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is -32.14%.
Several large investors have recently added to or reduced their stakes in IVR. Running Point Capital Advisors LLC bought a new stake in shares of Invesco Mortgage Capital during the 1st quarter valued at $25,000. 180 Wealth Advisors LLC bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $26,000. Sage Rhino Capital LLC bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $31,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 53.13% of the company’s stock.
Invesco Mortgage Capital Company Profile (Get Rating)
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
- Get a free copy of the StockNews.com research report on Invesco Mortgage Capital (IVR)
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