Invesco Mortgage Capital Inc (NYSE:IVR) has earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.42.
IVR has been the subject of several analyst reports. Barclays reissued a “hold” rating and set a $16.00 price target on shares of Invesco Mortgage Capital in a research report on Monday, May 7th. ValuEngine downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.
A number of large investors have recently bought and sold shares of IVR. Assetmark Inc. grew its position in Invesco Mortgage Capital by 922.5% in the 1st quarter. Assetmark Inc. now owns 7,045 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 6,356 shares during the period. Quantbot Technologies LP bought a new stake in Invesco Mortgage Capital in the 1st quarter worth approximately $166,000. Schroder Investment Management Group bought a new stake in Invesco Mortgage Capital in the 4th quarter worth approximately $177,000. Parametrica Management Ltd bought a new stake in Invesco Mortgage Capital in the 1st quarter worth approximately $200,000. Finally, First Allied Advisory Services Inc. bought a new stake in Invesco Mortgage Capital in the 4th quarter worth approximately $203,000. 67.58% of the stock is owned by institutional investors and hedge funds.
Shares of IVR traded down $0.38 on Thursday, hitting $16.06. 1,242,800 shares of the stock traded hands, compared to its average volume of 1,188,739. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.25 and a beta of 0.64. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.84. Invesco Mortgage Capital has a one year low of $15.15 and a one year high of $18.86.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $85.10 million during the quarter, compared to the consensus estimate of $64.10 million. Invesco Mortgage Capital had a net margin of 51.09% and a return on equity of 10.18%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 26th. Shareholders of record on Wednesday, June 27th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date is Tuesday, June 26th.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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