Keefe, Bruyette & Woods Reaffirms Buy Rating for INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

Keefe, Bruyette & Woods reissued their buy rating on shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) in a report issued on Thursday, October 26th. They currently have a $18.25 price objective on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on IVR. BidaskClub upgraded INVESCO MORTGAGE CAPITAL INC from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Zacks Investment Research lowered INVESCO MORTGAGE CAPITAL INC from a hold rating to a sell rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $18.13.

Shares of INVESCO MORTGAGE CAPITAL INC (NYSE IVR) traded down $0.23 during mid-day trading on Thursday, reaching $16.71. The company had a trading volume of 653,800 shares, compared to its average volume of 795,892. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market capitalization of $1,865.12, a price-to-earnings ratio of 10.38 and a beta of 0.87. INVESCO MORTGAGE CAPITAL INC has a 1 year low of $14.15 and a 1 year high of $18.02.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.85 million. INVESCO MORTGAGE CAPITAL INC had a return on equity of 9.06% and a net margin of 66.86%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.81%. This is a boost from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40. INVESCO MORTGAGE CAPITAL INC’s dividend payout ratio is currently 44.09%.

A number of institutional investors and hedge funds have recently bought and sold shares of IVR. UBS Asset Management Americas Inc. raised its stake in INVESCO MORTGAGE CAPITAL INC by 31.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 95,577 shares of the real estate investment trust’s stock valued at $1,474,000 after acquiring an additional 22,905 shares during the period. Stifel Financial Corp raised its stake in INVESCO MORTGAGE CAPITAL INC by 32.2% in the 1st quarter. Stifel Financial Corp now owns 31,640 shares of the real estate investment trust’s stock valued at $490,000 after acquiring an additional 7,700 shares during the period. Teachers Advisors LLC raised its stake in INVESCO MORTGAGE CAPITAL INC by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 193,813 shares of the real estate investment trust’s stock valued at $2,989,000 after acquiring an additional 4,968 shares during the period. California Public Employees Retirement System raised its stake in INVESCO MORTGAGE CAPITAL INC by 4.1% in the 1st quarter. California Public Employees Retirement System now owns 416,900 shares of the real estate investment trust’s stock valued at $6,429,000 after acquiring an additional 16,400 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in INVESCO MORTGAGE CAPITAL INC by 203.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 63.14% of the company’s stock.

About INVESCO MORTGAGE CAPITAL INC

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

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