Invesco Mortgage Capital (NYSE:IVR) Earns Market Perform Rating from JMP Securities

JMP Securities restated their market perform rating on shares of Invesco Mortgage Capital (NYSE:IVR) in a report released on Thursday,Benzinga reports.

Separately, StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

Invesco Mortgage Capital Stock Up 0.1 %

NYSE:IVR opened at $8.10 on Thursday. Invesco Mortgage Capital has a fifty-two week low of $7.47 and a fifty-two week high of $9.97. The firm’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $8.60. The stock has a market cap of $491.79 million, a PE ratio of 6.75 and a beta of 1.86.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $12.38 million. Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. During the same period in the prior year, the firm posted $1.51 earnings per share. Equities analysts anticipate that Invesco Mortgage Capital will post 3.06 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.76%. The ex-dividend date of this dividend is Monday, December 30th. Invesco Mortgage Capital’s payout ratio is currently 133.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Invesco Mortgage Capital by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 1,360 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Invesco Mortgage Capital during the 3rd quarter worth $172,000. Firethorn Wealth Partners LLC increased its holdings in Invesco Mortgage Capital by 68.3% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 67,416 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 27,356 shares in the last quarter. International Assets Investment Management LLC raised its position in Invesco Mortgage Capital by 839.0% in the third quarter. International Assets Investment Management LLC now owns 25,823 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 23,073 shares during the period. Finally, PL Capital Advisors LLC raised its position in Invesco Mortgage Capital by 100.0% in the third quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock valued at $3,756,000 after purchasing an additional 200,000 shares during the period. 40.54% of the stock is owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

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.