Invesco Mortgage Capital Inc (IVR) Given Consensus Rating of “Buy” by Brokerages
Invesco Mortgage Capital Inc (NYSE:IVR) has been given an average recommendation of “Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.13.
Several equities analysts recently weighed in on IVR shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a research report on Thursday, August 10th. BidaskClub lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.
Large investors have recently modified their holdings of the business. IndexIQ Advisors LLC boosted its position in Invesco Mortgage Capital by 11.7% during the second quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after purchasing an additional 14,128 shares during the period. PNC Financial Services Group Inc. boosted its position in Invesco Mortgage Capital by 203.6% during the first quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 9,000 shares during the period. Vanguard Group Inc. boosted its position in Invesco Mortgage Capital by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock worth $139,731,000 after purchasing an additional 559,928 shares during the period. Bank of New York Mellon Corp boosted its position in Invesco Mortgage Capital by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 842,393 shares of the real estate investment trust’s stock worth $12,989,000 after purchasing an additional 40,495 shares during the period. Finally, Prudential Financial Inc. boosted its position in Invesco Mortgage Capital by 17.1% during the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after purchasing an additional 323,130 shares during the period. Hedge funds and other institutional investors own 63.36% of the company’s stock.
Shares of Invesco Mortgage Capital (NYSE:IVR) traded up 0.53% on Friday, hitting $17.19. 871,850 shares of the stock were exchanged. Invesco Mortgage Capital has a 1-year low of $14.15 and a 1-year high of $17.34. The stock’s 50-day moving average is $16.92 and its 200-day moving average is $16.29. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 4.10 and a beta of 0.80.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $82.94 million during the quarter, compared to analyst estimates of $84.50 million. Invesco Mortgage Capital had a net margin of 71.92% and a return on equity of 8.97%. During the same quarter in the prior year, the business earned $0.42 earnings per share. Analysts forecast that Invesco Mortgage Capital will post $1.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Tuesday, September 26th. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 36.87%.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
Receive News & Ratings for Invesco Mortgage Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital Inc and related companies with MarketBeat.com's FREE daily email newsletter.