Invesco Mortgage Capital (NYSE:IVR) Downgraded by StockNews.com

StockNews.com downgraded shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research report report published on Friday.

A number of other brokerages have also recently weighed in on IVR. JMP Securities reissued a market perform rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th. Janney Montgomery Scott assumed coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They issued a buy rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Invesco Mortgage Capital has an average rating of Hold and a consensus price target of $9.00.

Invesco Mortgage Capital Trading Up 0.8 %

NYSE:IVR opened at $9.40 on Friday. The company has a 50-day moving average of $8.86 and a 200-day moving average of $9.04. The firm has a market cap of $458.72 million, a price-to-earnings ratio of -13.42 and a beta of 1.89. Invesco Mortgage Capital has a twelve month low of $6.34 and a twelve month high of $10.16.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $68.03 million for the quarter, compared to analysts’ expectations of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, research analysts forecast that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.03%. Invesco Mortgage Capital’s dividend payout ratio is -228.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valley Brook Capital Group Inc. boosted its stake in shares of Invesco Mortgage Capital by 12.2% during the 1st quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,250 shares during the period. The Manufacturers Life Insurance Company increased its position in Invesco Mortgage Capital by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,360 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Invesco Mortgage Capital by 2.9% during the 1st quarter. California State Teachers Retirement System now owns 48,476 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 1,362 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 7.8% during the 1st quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,740 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of Invesco Mortgage Capital by 6.2% in the 2nd quarter. PFG Investments LLC now owns 32,172 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 1,874 shares in the last quarter. 40.54% of the stock is owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.