Invesco Mortgage Capital (NYSE:IVR – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.
Several other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $8.25.
Read Our Latest Research Report on IVR
Invesco Mortgage Capital Stock Down 0.4%
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of ($15.01) million for the quarter, compared to analysts’ expectations of $39.80 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. As a group, sell-side analysts anticipate that Invesco Mortgage Capital will post 2.25 earnings per share for the current year.
Institutional Trading of Invesco Mortgage Capital
Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Mortgage Capital by 3,282.2% during 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 acquiring an additional 2,954 shares during the period. FNY Investment Advisers LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $33,000. Comerica Bank increased its holdings in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares during the period. Finally, Caption Management LLC bought a new stake in Invesco Mortgage Capital during the 4th 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.
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