Invesco Mortgage Capital (NYSE:IVR) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a report released on Friday.

Several other analysts also recently weighed in on IVR. Janney Montgomery Scott initiated coverage on Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a buy rating and a $10.00 target price for the company. JMP Securities reissued a market perform rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $9.00.

Invesco Mortgage Capital Stock Up 0.8 %

Shares of IVR stock opened at $9.40 on Friday. The business’s 50 day moving average is $8.86 and its two-hundred day moving average is $9.04. Invesco Mortgage Capital has a 12 month low of $6.34 and a 12 month high of $10.16. The company has a market cap of $458.72 million, a PE ratio of -13.42 and a beta of 1.89.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 EPS for the quarter, topping the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The firm had revenue of $68.03 million for the quarter, compared to the consensus estimate of $9.27 million. During the same quarter last year, the firm posted $1.45 EPS. As a group, equities analysts expect that Invesco Mortgage Capital will post 3.23 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $1.60 annualized dividend and a yield of 17.03%. Invesco Mortgage Capital’s dividend payout ratio is -228.57%.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently modified their holdings of IVR. Swiss National Bank increased its position in shares of Invesco Mortgage Capital by 8.9% during the first quarter. Swiss National Bank now owns 95,601 shares of the real estate investment trust’s stock valued at $925,000 after purchasing an additional 7,800 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock worth $24,125,000 after acquiring an additional 96,117 shares during the period. GSA Capital Partners LLP boosted its position in shares of Invesco Mortgage Capital by 12.1% during the 1st quarter. GSA Capital Partners LLP now owns 101,638 shares of the real estate investment trust’s stock valued at $984,000 after acquiring an additional 11,009 shares in the last quarter. Range Financial Group LLC bought a new stake in Invesco Mortgage Capital in the first quarter valued at about $180,000. Finally, American International Group Inc. raised its position in Invesco Mortgage Capital by 7.8% in the first quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 1,740 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.

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.