Invesco Mortgage Capital (NYSE:IVR) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research note published on Friday.

Several other research analysts have also issued reports on IVR. Janney Montgomery Scott started coverage on Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a buy rating and a $10.00 price objective for the company. JMP Securities reissued a market perform rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $9.00.

Invesco Mortgage Capital Stock Performance

NYSE IVR opened at $9.32 on Friday. The stock has a 50-day simple moving average of $8.86 and a 200 day simple moving average of $9.04. The stock has a market capitalization of $455.06 million, a PE ratio of -13.31 and a beta of 1.89. Invesco Mortgage Capital has a twelve month low of $6.34 and a twelve month high of $10.20.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $68.03 million during the quarter, compared to analyst estimates of $9.27 million. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, equities research analysts forecast that Invesco Mortgage Capital will post 3.23 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a yield of 17.17%. Invesco Mortgage Capital’s payout ratio is -228.57%.

Institutional Trading of Invesco Mortgage Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVR. Swiss National Bank raised its position in shares of Invesco Mortgage Capital by 8.9% during the 1st quarter. Swiss National Bank now owns 95,601 shares of the real estate investment trust’s stock valued at $925,000 after acquiring an additional 7,800 shares during the last quarter. Vanguard Group Inc. raised its holdings in Invesco Mortgage Capital by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock worth $24,125,000 after purchasing an additional 96,117 shares during the period. GSA Capital Partners LLP grew its stake in Invesco Mortgage Capital by 12.1% in the first 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 during the period. Range Financial Group LLC acquired a new stake in shares of Invesco Mortgage Capital during the first quarter worth about $180,000. Finally, American International Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 7.8% during the 1st quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 1,740 shares in the last quarter. 40.54% of the stock is owned by institutional investors.

About Invesco Mortgage Capital

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.