Invesco Mortgage Capital (NYSE:IVR) Rating Lowered to “Sell” at Wall Street Zen

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

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Invesco Mortgage Capital has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR opened at $7.49 on Friday. Invesco Mortgage Capital has a 1 year low of $7.10 and a 1 year high of $9.50. The stock has a market capitalization of $805.69 million, a price-to-earnings ratio of 5.06 and a beta of 1.60. The company’s 50 day simple moving average is $7.81 and its 200 day simple moving average is $8.15.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. As a group, analysts anticipate that Invesco Mortgage Capital will post 2.01 EPS for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Mortgage Capital by 3,282.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 2,954 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $33,000. Comerica Bank grew its holdings in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares during the last quarter. Caption Management LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $43,000. Finally, BNP Paribas Financial Markets increased its position in Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares during the period. 40.54% of the stock is currently owned by institutional investors.

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.