Invesco Mortgage Capital (NYSE:IVR) Downgraded by Wall Street Zen to “Sell”

Invesco Mortgage Capital (NYSE:IVR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

IVR has been the topic of a number of other reports. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Compass Point initiated coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price objective for the company. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Price Performance

IVR opened at $8.44 on Friday. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.50. The stock has a market cap of $702.38 million, a P/E ratio of 6.59 and a beta of 1.76. The stock’s 50 day simple moving average is $8.75 and its 200 day simple moving average is $8.07.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $56.06 million for the quarter, compared to analyst estimates of $47.99 million. Invesco Mortgage Capital had a return on equity of 28.85% and a net margin of 34.30%. Research analysts expect that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently modified their holdings of IVR. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Invesco Mortgage Capital during the 4th quarter worth $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth $33,000. Comerica Bank grew its position in shares of Invesco Mortgage Capital by 1,722.1% in the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the period. Finally, Caption Management LLC acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.