Invesco Mortgage Capital (NYSE:IVR) Research Coverage Started at Compass Point

Compass Point assumed coverage on shares of Invesco Mortgage Capital (NYSE:IVR) in a research note published on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $9.00 price target on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, UBS Group raised their target price on Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Invesco Mortgage Capital Stock Performance

Shares of NYSE:IVR opened at $8.27 on Monday. The stock’s 50-day simple moving average is $7.73 and its two-hundred day simple moving average is $7.68. The stock has a market capitalization of $586.40 million, a price-to-earnings ratio of 16.21 and a beta of 1.71. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.06.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of ($22.71) million for the quarter, compared to analysts’ expectations of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. As a group, equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Monday, October 6th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $1.36 dividend on an annualized basis and a yield of 16.5%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 266.67%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC increased its position in Invesco Mortgage Capital by 103.9% in the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,400 shares during the last quarter. Comerica Bank grew its stake in shares of Invesco Mortgage Capital by 1,722.1% in the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 4,839 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,548 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco Mortgage Capital by 59.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 2,757 shares in the last quarter. Finally, CWM LLC raised its position in shares of Invesco Mortgage Capital by 698.7% during the 3rd quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 6,575 shares in the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Company Profile

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.