Invesco Mortgage Capital Inc (NYSE:IVR) Given Consensus Rating of “Hold” by Brokerages

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) have received an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.25.

Several research analysts have recently commented on IVR shares. Zacks Research upgraded Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Compass Point started coverage on shares of Invesco Mortgage Capital in a report on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective for the company.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in shares of Invesco Mortgage Capital by 1,607.0% during the 3rd quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock valued at $11,517,000 after purchasing an additional 1,434,149 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Invesco Mortgage Capital by 134.6% in the second quarter. Wolverine Asset Management LLC now owns 964,658 shares of the real estate investment trust’s stock valued at $7,563,000 after buying an additional 553,495 shares in the last quarter. Two Sigma Investments LP increased its holdings in Invesco Mortgage Capital by 66.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,017,198 shares of the real estate investment trust’s stock worth $7,690,000 after purchasing an additional 404,497 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco Mortgage Capital by 77.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 336,797 shares of the real estate investment trust’s stock valued at $2,641,000 after buying an additional 147,486 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Invesco Mortgage Capital by 10.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,430,586 shares of the real estate investment trust’s stock worth $11,216,000 after buying an additional 135,323 shares during the period. 40.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Trading Down 0.9%

NYSE:IVR opened at $8.41 on Friday. The stock has a market capitalization of $596.33 million, a PE ratio of 16.48 and a beta of 1.71. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.06. The firm has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $7.78.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results 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. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. The firm had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. On average, equities analysts predict that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal 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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 17.1%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, December 29th. Invesco Mortgage Capital’s dividend payout ratio is presently 282.35%.

Invesco Mortgage Capital Company Profile

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.