Zacks Upgrades Invesco Mortgage Capital to “Neutral” (IVR)
Invesco Mortgage Capital (NYSE:IVR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday, American Banking News reports. The firm currently has a $15.50 price objective on the stock. Zacks‘ price objective points to a potential upside of 2.58% from the company’s current price.
Invesco Mortgage Capital (NYSE:IVR) traded up 0.33% on Wednesday, hitting $15.16. The stock had a trading volume of 475,376 shares. Invesco Mortgage Capital has a 52 week low of $14.40 and a 52 week high of $22.26. The stock’s 50-day moving average is $14.93 and its 200-day moving average is $15.4. The company has a market cap of $2.050 billion and a price-to-earnings ratio of 6.60.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings data on Tuesday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, analysts predict that Invesco Mortgage Capital will post $2.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Stockholders of record on Friday, December 27th will be paid a dividend of 0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.24%. The ex-dividend date is Tuesday, December 24th.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. Separately, analysts at FBR Capital Markets cut their price target on shares of Invesco Mortgage Capital from $18.00 to $16.00 in a research note to investors on Tuesday, November 12th. They now have a “market perform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Invesco Mortgage Capital from $21.50 to $17.50 in a research note to investors on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Invesco Mortgage Capital has an average rating of “Hold” and a consensus price target of $16.93.
Invesco Mortgage Capital Inc is a real estate investment trust (NYSE:IVR).
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