Invesco Mortgage Capital (NYSE:IVR) Downgraded to “Sell” at StockNews.com

StockNews.com lowered shares of Invesco Mortgage Capital (NYSE:IVR) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Separately, Janney Montgomery Scott started coverage on Invesco Mortgage Capital in a report on Thursday, June 6th. They issued a buy rating and a $10.00 target price on the stock.

Invesco Mortgage Capital Price Performance

IVR stock opened at $8.69 on Wednesday. The company’s 50 day simple moving average is $9.09 and its 200-day simple moving average is $9.02. Invesco Mortgage Capital has a 52-week low of $6.34 and a 52-week high of $11.44. The firm has a market capitalization of $424.30 million, a P/E ratio of -12.41 and a beta of 1.90.

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, beating analysts’ consensus estimates of $0.75 by $0.11. The company had revenue of $68.03 million during the quarter, compared to analyst estimates of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 62.02% and a negative net margin of 2.96%. During the same quarter in the prior year, the company earned $1.45 earnings per share. Sell-side analysts predict that Invesco Mortgage Capital will post 3.58 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 18.41%. The ex-dividend date was Friday, July 5th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -228.57%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Invesco Mortgage Capital by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock valued at $24,125,000 after acquiring an additional 96,117 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Invesco Mortgage Capital by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 841,852 shares of the real estate investment trust’s stock valued at $7,888,000 after purchasing an additional 23,900 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Invesco Mortgage Capital during the 2nd quarter valued at $4,302,000. CastleKnight Management LP acquired a new stake in shares of Invesco Mortgage Capital in the 4th quarter valued at $2,752,000. Finally, Wolverine Asset Management LLC boosted its holdings in Invesco Mortgage Capital by 11.7% in the fourth quarter. Wolverine Asset Management LLC now owns 302,600 shares of the real estate investment trust’s stock worth $2,681,000 after purchasing an additional 31,711 shares in 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.