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Equities researchers at Wunderlich lifted their target price on shares of Invesco Mortgage Capital (NYSE:IVR) from $18.00 to $19.00 in a research report issued on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price would suggest a potential upside of 13.23% from the company’s current price.

Shares of Invesco Mortgage Capital (NYSE:IVR) traded up 0.06% on Monday, hitting $16.78. The stock had a trading volume of 957,693 shares. Invesco Mortgage Capital has a 1-year low of $14.40 and a 1-year high of $21.30. The stock’s 50-day moving average is $16.6 and its 200-day moving average is $15.84. The company has a market cap of $2.065 billion and a price-to-earnings ratio of 17.03.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.03. The company had revenue of $102.20 million for the quarter, compared to the consensus estimate of $77.10 million. During the same quarter last year, the company posted $0.65 earnings per share. Invesco Mortgage Capital’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Invesco Mortgage Capital will post $2.04 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Invesco Mortgage Capital from $17.00 to $18.00 in a research note on Monday, April 14th. Analysts at FBR Capital Markets raised their price target on shares of Invesco Mortgage Capital from $16.00 to $17.75 in a research note on Monday, March 10th. They now have a “market perform” rating on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average price target of $17.53.

Invesco Mortgage Capital Inc is a real estate investment trust (NYSE:IVR).

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