Invesco Mortgage Capital (NYSE:IVR) Upgraded at Zacks Research

Zacks Research upgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Invesco Mortgage Capital in a report on Monday. Compass Point began coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective on the stock. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, UBS Group boosted their target price on shares of Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Trading Up 0.7%

NYSE:IVR opened at $8.40 on Monday. Invesco Mortgage Capital has a 12-month low of $5.86 and a 12-month high of $9.06. The firm has a market cap of $595.98 million, a PE ratio of 16.47 and a beta of 1.71. The stock has a fifty day moving average price of $7.99 and a 200 day moving average price of $7.75.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results 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 company had revenue of ($22.71) million for the quarter, compared to the consensus estimate of $45.40 million. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%. Equities analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Invesco Mortgage Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 annualized dividend and a yield of 17.1%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 282.35%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC increased its position in shares of Invesco Mortgage Capital by 103.9% during 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 in the last quarter. Comerica Bank grew its stake in Invesco Mortgage Capital by 1,722.1% during 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 during the last quarter. BNP Paribas Financial Markets increased its position in Invesco Mortgage Capital by 83.5% during the second 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 period. CWM LLC increased its position in Invesco Mortgage Capital by 698.7% during the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 6,575 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Invesco Mortgage Capital in the second quarter valued at approximately $82,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

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.