Invesco Mortgage Capital (NYSE:IVR) Downgraded by StockNews.com to Sell

Invesco Mortgage Capital (NYSE:IVR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other brokerages have also recently commented on IVR. 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 target price for the company. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Invesco Mortgage Capital presently has an average rating of “Hold” and a consensus price target of $9.00.

Invesco Mortgage Capital Stock Up 1.3 %

Shares of IVR traded up $0.12 during mid-day trading 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 market cap of $454.81 million, a price-to-earnings ratio of -13.31 and a beta of 1.89. The stock’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $9.04. Invesco Mortgage Capital has a 52 week low of $6.34 and a 52 week high of $10.20.

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 for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $68.03 million during the quarter, compared to the consensus estimate of $9.27 million. During the same period in the prior year, the company posted $1.45 EPS. Analysts forecast that Invesco Mortgage Capital will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Invesco Mortgage Capital during the second quarter worth $26,000. Headlands Technologies LLC acquired a new position in Invesco Mortgage Capital in the 2nd quarter worth about $33,000. 180 Wealth Advisors LLC bought a new position in Invesco Mortgage Capital in the second quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Invesco Mortgage Capital by 36.0% during 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 purchasing an additional 2,955 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 12.2% during the first quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors 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.