Wall Street Zen Downgrades Invesco Mortgage Capital (NYSE:IVR) to Sell

Invesco Mortgage Capital (NYSE:IVR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

IVR has been the topic of several other reports. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Compass Point assumed coverage on Invesco Mortgage Capital in a report on Monday, December 15th. They set a “buy” rating and a $9.00 price target on the stock. Finally, Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Stock Down 0.6%

Shares of NYSE IVR opened at $8.44 on Friday. The business has a 50-day moving average price of $8.75 and a 200 day moving average price of $8.07. The stock has a market cap of $702.38 million, a PE ratio of 6.59 and a beta of 1.76. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $47.99 million. Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. Sell-side analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Large investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Invesco Mortgage Capital by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after buying an additional 199,259 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Invesco Mortgage Capital in the fourth quarter valued at $129,000. Vident Advisory LLC boosted its position in shares of Invesco Mortgage Capital by 8.8% during the 4th quarter. Vident Advisory LLC now owns 30,940 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 2,492 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $306,000. Finally, Zacks Investment Management grew its stake in shares of Invesco Mortgage Capital by 22.4% during the 4th quarter. Zacks Investment Management now owns 251,349 shares of the real estate investment trust’s stock worth $2,114,000 after purchasing an additional 46,029 shares during the period. 40.54% of the stock is owned by hedge funds and other institutional investors.

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.