Invesco California Value Mncpl Incm Trst’s Equal Weight Rating Reaffirmed at Morgan Stanley (VCV)
Invesco California Value Mncpl Incm Trst (NYSE:VCV)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a $40.00 target price on the stock, down from their previous target price of $41.00. Morgan Stanley’s price target suggests a potential upside of 249.96% from the stock’s previous close.
Shares of Invesco California Value Mncpl Incm Trst (NYSE:VCV) traded down 1.04% during mid-day trading on Tuesday, hitting $11.43. 160,660 shares of the company’s stock traded hands. Invesco California Value Mncpl Incm Trst has a 52 week low of $10.63 and a 52 week high of $14.02. The stock’s 50-day moving average is $11.14 and its 200-day moving average is $11.1.
The company also recently announced a monthly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Monday, January 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco California Value Mncpl Incm Trst from $36.00 to $39.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Invesco California Value Mncpl Incm Trst to a “buy” rating in a research note to investors on Monday, December 16th. Finally, analysts at Wells Fargo & Co. upgraded shares of Invesco California Value Mncpl Incm Trst from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Invesco California Value Mncpl Incm Trst presently has an average rating of “Hold” and a consensus target price of $35.36.
Invesco California Value Municipal Income Trust, formerly Invesco Van Kampen California Value Municipal Income Trust, is a diversified, closed-end management investment company.
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