Todays Report: Today, Invesco Mortgage Capital Inc. (IVR) Given Average Recommendation of “Hold” from Brokerages

Today, Invesco Mortgage Capital Inc. (IVR) Given Average Recommendation of “Hold” from Brokerages

Shares of Invesco Mortgage Capital Inc. (NYSE:IVR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.76.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 1st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $16.50 price target on shares of Invesco Mortgage Capital in a research report on Friday, September 9th. Nomura reaffirmed a “buy” rating and set a $17.00 price target on shares of Invesco Mortgage Capital in a research report on Tuesday, November 8th. Barclays PLC lifted their price target on shares of Invesco Mortgage Capital from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 9th. Finally, Keefe, Bruyette & Woods set a $16.30 price target on shares of Invesco Mortgage Capital and gave the company a “buy” rating in a research report on Tuesday, August 9th.

Shares of Invesco Mortgage Capital (NYSE:IVR) traded up 0.61% during mid-day trading on Friday, reaching $14.85. The company’s stock had a trading volume of 256,329 shares. The stock has a market cap of $1.66 billion, a P/E ratio of 28.78 and a beta of 0.83. Invesco Mortgage Capital has a one year low of $9.74 and a one year high of $16.28. The stock has a 50 day moving average of $14.73 and a 200-day moving average of $14.70.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Invesco Mortgage Capital had a net margin of 13.63% and a return on equity of 9.82%. During the same period last year, the business posted $0.40 EPS. On average, equities research analysts expect that Invesco Mortgage Capital will post $1.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, September 27th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date of this dividend was Friday, September 23rd. Invesco Mortgage Capital’s payout ratio is 432.44%.

A number of hedge funds have recently made changes to their positions in IVR. Emerald Acquisition Ltd. acquired a new position in Invesco Mortgage Capital during the second quarter valued at approximately $456,000. Suntrust Banks Inc. increased its position in Invesco Mortgage Capital by 6.5% in the second quarter. Suntrust Banks Inc. now owns 20,118 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 1,233 shares during the period. Societe Generale acquired a new position in Invesco Mortgage Capital during the second quarter valued at approximately $478,000. Quantbot Technologies LP increased its position in Invesco Mortgage Capital by 288.6% in the second quarter. Quantbot Technologies LP now owns 23,346 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 17,338 shares during the period. Finally, Investors Capital Advisory Services increased its position in Invesco Mortgage Capital by 12.5% in the second quarter. Investors Capital Advisory Services now owns 17,101 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 1,904 shares during the period. 65.13% of the stock is currently owned by institutional investors.

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