Invesco Mortgage Capital (NYSE:IVR) Lowered to Sell at StockNews.com

Invesco Mortgage Capital (NYSE:IVR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Invesco Mortgage Capital Trading Up 0.3 %

IVR traded up $0.03 on Wednesday, reaching $9.15. The company had a trading volume of 683,189 shares, compared to its average volume of 947,228. The company has a market capitalization of $445.28 million, a P/E ratio of -11.44 and a beta of 1.87. The company has a fifty day moving average of $8.98 and a 200-day moving average of $8.62. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $12.37.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently added to or reduced their stakes in IVR. Valley Brook Capital Group Inc. increased its position 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 purchasing an additional 1,250 shares during the period. Swiss National Bank grew its holdings in Invesco Mortgage Capital by 1.6% during the third quarter. Swiss National Bank now owns 91,601 shares of the real estate investment trust’s stock worth $917,000 after acquiring an additional 1,400 shares during the period. Amalgamated Bank raised its position in Invesco Mortgage Capital by 13.8% in the third quarter. Amalgamated Bank now owns 18,681 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 2,268 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Invesco Mortgage Capital by 100.1% in the 1st quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Invesco Mortgage Capital by 24.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 2,662 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

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.