Wall Street Zen Upgrades Invesco Mortgage Capital (NYSE:IVR) to Hold

Invesco Mortgage Capital (NYSE:IVR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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

Invesco Mortgage Capital Stock Down 1.4%

Shares of NYSE IVR opened at $7.70 on Friday. The stock’s fifty day simple moving average is $8.52 and its 200 day simple moving average is $8.12. The stock has a market capitalization of $669.43 million, a price-to-earnings ratio of 6.01 and a beta of 1.76. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The company had revenue of $56.06 million for the quarter, compared to analysts’ expectations of $47.99 million. As a group, analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Mortgage Capital by 4,329.2% during the 1st quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco Mortgage Capital by 9.3% in the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after buying an additional 31,410 shares during the last quarter. Jane Street Group LLC bought a new position in Invesco Mortgage Capital during the first quarter valued at approximately $144,000. Strs Ohio bought a new position in Invesco Mortgage Capital during the first quarter valued at approximately $82,000. Finally, Envestnet Asset Management Inc. lifted its stake in Invesco Mortgage Capital by 63.1% in the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 8,553 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.