Invesco Mortgage Capital (NYSE:IVR) Upgraded at Wall Street Zen

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

Other analysts have also issued reports about the stock. Zacks Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Compass Point assumed coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Performance

Shares of IVR opened at $7.70 on Friday. Invesco Mortgage Capital has a one year low of $5.86 and a one year high of $9.50. The stock’s fifty day moving average is $8.52 and its 200-day moving average is $8.12. The firm has a market capitalization of $669.43 million, a price-to-earnings ratio of 6.01 and a beta of 1.76.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The company had revenue of $56.06 million during the quarter, compared to analyst estimates of $47.99 million. Invesco Mortgage Capital had a return on equity of 28.85% and a net margin of 34.30%. Analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Mortgage Capital by 3,282.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter valued at approximately $33,000. Comerica Bank boosted its holdings in Invesco Mortgage Capital by 1,722.1% during the third 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. Finally, Caption Management LLC bought a new stake in Invesco Mortgage Capital during the fourth quarter worth approximately $43,000. Institutional investors 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.