Invesco Mortgage Capital’s (IVR) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of Invesco Mortgage Capital (NYSE:IVR) in a research note published on Thursday morning,Benzinga reports.

Separately, StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock opened at $8.13 on Thursday. Invesco Mortgage Capital has a twelve month low of $7.47 and a twelve month high of $9.97. The firm has a market cap of $493.73 million, a P/E ratio of 6.78 and a beta of 1.86. The firm’s 50-day simple moving average is $8.22 and its 200-day simple moving average is $8.58.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same period in the previous year, the firm posted $1.51 earnings per share. On average, equities analysts forecast that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, December 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.68%. The ex-dividend date was Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 133.33%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in Invesco Mortgage Capital by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,360 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in Invesco Mortgage Capital by 22.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,542 shares in the last quarter. Verition Fund Management LLC lifted its position in Invesco Mortgage Capital by 6.1% during the 3rd quarter. Verition Fund Management LLC now owns 69,752 shares of the real estate investment trust’s stock worth $655,000 after buying an additional 4,002 shares in the last quarter. SG Americas Securities LLC grew its holdings in Invesco Mortgage Capital by 32.9% during the 4th quarter. SG Americas Securities LLC now owns 24,300 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 6,019 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in Invesco Mortgage Capital in the 3rd quarter valued at about $62,000. 40.54% of the stock is currently owned by institutional investors.

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.