Invesco Mortgage Capital Inc (NYSE:IVR) Given Consensus Rating of “Hold” by Brokerages

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.25.

IVR has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday, December 29th. Zacks Research raised shares of Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Compass Point started coverage on Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC grew its holdings in shares of Invesco Mortgage Capital by 7.8% in the fourth quarter. 180 Wealth Advisors LLC now owns 20,575 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,486 shares in the last quarter. PFG Investments LLC grew its stake in shares of Invesco Mortgage Capital by 3.1% in the third quarter. PFG Investments LLC now owns 64,310 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,953 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Invesco Mortgage Capital by 16.8% during the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 2,011 shares during the period. Rhumbline Advisers raised its stake in shares of Invesco Mortgage Capital by 2.7% in the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock valued at $685,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Invesco Mortgage Capital by 103.9% in the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Up 1.2%

NYSE:IVR opened at $8.95 on Friday. Invesco Mortgage Capital has a 52 week low of $5.86 and a 52 week high of $9.06. The stock’s fifty day moving average is $8.19 and its two-hundred day moving average is $7.80. The company has a market capitalization of $634.61 million, a P/E ratio of 17.54 and a beta of 1.71.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of ($22.71) million during the quarter, compared to the consensus estimate of $45.40 million. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%. Sell-side analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 16.1%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 282.35%.

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.