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 Friday.

Other equities analysts also recently issued reports about the stock. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. Janney Montgomery Scott assumed coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

Invesco Mortgage Capital Price Performance

NYSE:IVR traded up $0.12 on Friday, hitting $9.32. 990,780 shares of the company’s stock were exchanged, compared to its average volume of 1,027,569. The firm has a 50-day moving average price of $8.86 and a 200-day moving average price of $9.04. Invesco Mortgage Capital has a 52 week low of $6.34 and a 52 week high of $10.20. The company has a market cap of $454.81 million, a P/E ratio of -13.31 and a beta of 1.89.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. The business had revenue of $68.03 million for the quarter, compared to analyst estimates of $9.27 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. On average, research analysts expect that Invesco Mortgage Capital will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco Mortgage Capital

Hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC raised its position in shares of Invesco Mortgage Capital by 66.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 99,249 shares of the real estate investment trust’s stock valued at $879,000 after purchasing an additional 39,498 shares during the period. CastleKnight Management LP acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth approximately $2,752,000. Range Financial Group LLC acquired a new position in shares of Invesco Mortgage Capital in the first quarter valued at approximately $180,000. Firethorn Wealth Partners LLC grew its position in shares of Invesco Mortgage Capital by 25.1% in the first quarter. Firethorn Wealth Partners LLC now owns 36,374 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 7,300 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Invesco Mortgage Capital during the 1st quarter worth approximately $165,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.