Invesco Mortgage Capital (NYSE:IVR) Downgraded by Wall Street Zen to “Sell”

Invesco Mortgage Capital (NYSE:IVR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Invesco Mortgage Capital in a research report on Tuesday, October 14th. Zacks Research raised Invesco Mortgage Capital to a “hold” rating in a research report on Monday, August 11th. Finally, UBS Group increased their target price on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $7.50.

Invesco Mortgage Capital Stock Up 4.8%

Shares of NYSE:IVR opened at $7.52 on Friday. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.06. The stock has a market cap of $498.32 million, a P/E ratio of 18.79 and a beta of 1.74. The business’s 50 day moving average is $7.54 and its 200 day moving average is $7.52.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $45.00 million for the quarter, compared to analysts’ expectations of $45.40 million. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%. On average, sell-side analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

Several hedge funds and other institutional investors have recently made changes to their positions in IVR. Bank of New York Mellon Corp lifted its holdings in shares of Invesco Mortgage Capital by 12.4% during the 1st quarter. Bank of New York Mellon Corp now owns 149,094 shares of the real estate investment trust’s stock valued at $1,176,000 after purchasing an additional 16,440 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 21.1% during the 1st quarter. Penserra Capital Management LLC now owns 136,359 shares of the real estate investment trust’s stock valued at $1,075,000 after purchasing an additional 23,746 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Invesco Mortgage Capital by 9.5% during the 1st quarter. Arizona State Retirement System now owns 17,419 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 1,510 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco Mortgage Capital by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 136,645 shares of the real estate investment trust’s stock valued at $1,078,000 after purchasing an additional 9,557 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Invesco Mortgage Capital during the 1st quarter valued at $6,996,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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.