Invesco Mortgage Capital (NYSE:IVR) Lifted to “Hold” at StockNews.com

Invesco Mortgage Capital (NYSE:IVR) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock traded down $0.69 during trading hours on Monday, reaching $8.37. The company’s stock had a trading volume of 3,328,986 shares, compared to its average volume of 1,068,443. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $9.97. The company has a market capitalization of $408.43 million, a P/E ratio of -11.95 and a beta of 1.90. The stock’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $9.03.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The firm had revenue of $68.03 million for the quarter, compared to analyst estimates of $9.27 million. During the same period last year, the firm earned $1.45 earnings per share. As a group, research analysts forecast that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.

Institutional Trading of Invesco Mortgage Capital

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Invesco Mortgage Capital during the second quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of Invesco Mortgage Capital in the second quarter valued at approximately $33,000. 180 Wealth Advisors LLC bought a new position in shares of Invesco Mortgage Capital in the second quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Invesco Mortgage Capital by 36.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 2,955 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its position in shares of Invesco Mortgage Capital by 12.2% in the first quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,250 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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.