Invesco Mortgage Capital (NYSE: IVR) enhanced by Zacks Investment Research to “buy”

Invesco Mortgage Capital (NYSE: IVR) has been improved by Zacks investment research from a “keep” note to a “buy” note in a research report given to clients and investors on Friday, reports. The brokerage firm currently has a price target of $ 3.50 on the shares of the REIT. Zacks investment researchThe company’s price target suggests a potential rise of 15.51% from the company’s current price.

According to Zacks, “Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on the financing and management of residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is managed and externally advised by Invesco Institutional (NA), Inc., a subsidiary of Invesco Ltd., one of the world’s leading independent investment management firms. The Company’s objective is to provide its investors with attractive risk-adjusted returns over the long term, primarily through dividends and secondarily through capital appreciation. “

IVR stock traded down $ 0.08 in Friday trading, reaching $ 3.03. The stock had a trade volume of 4,873,492 shares, compared to its average volume of 8,616,342. Invesco Mortgage Capital has a twelve-month low of $ 2.93 and a twelve-month high of $ 4.60. . The stock has a market cap of $ 944.58 million, a P / E ratio of 9.18 and a beta of 1.30. The company’s 50-day mobile average price is $ 3.16, and its two-hundred-day mobile average price is $ 3.33.

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Invesco Mortgage Capital (NYSE: IVR) last released its quarterly earnings data on Wednesday, November 3. The REIT reported EPS of $ 0.10 for the quarter, beating analysts’ consensus estimates of $ 0.09 by $ 0.01. Invesco Mortgage Capital recorded a return on equity of 15.62% and a net margin of 60.02%. During the same period of the previous year, the company made EPS of $ 0.06. As a group, equity analysts predict that Invesco Mortgage Capital will post earnings per share of 0.38 for the current fiscal year.

Meanwhile, Chairman Kevin M. Collins bought 9,000 shares in a transaction that took place on Wednesday, December 1. The stock was purchased at an average price of $ 2.96 per share, for a total transaction of $ 26,640.00. The purchase was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. During the last quarter, insiders purchased 15,236 shares of the company valued at $ 46,396. Insiders own 0.18% of the shares of the company.

Institutional investors recently changed their holdings in the company. Principal Financial Group Inc. increased its stake in Invesco Mortgage Capital by 23.8% in the second quarter. Principal Financial Group Inc. now owns 1,992,604 REIT shares valued at $ 7,771,000 after purchasing an additional 382,631 shares last quarter. Comerica Bank increased its stake in Invesco Mortgage Capital shares by 13.7% during the 2nd quarter. Comerica Bank now owns 264,850 real estate investment trust shares worth $ 795,000 after purchasing an additional 31,896 shares during the last quarter. Natixis bought a new position in Invesco Mortgage Capital shares during the second quarter for a value of approximately $ 39,000. Vanguard Group Inc. increased its stake in Invesco Mortgage Capital shares by 25.9% during the second quarter. Vanguard Group Inc. now owns 29,632,977 real estate investment trust shares valued at $ 115,569,000 after purchasing an additional 6,094,822 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Invesco Mortgage Capital shares by 44.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,198,792 Real Estate Investment Trust shares valued at $ 4,675,000 after purchasing an additional 367,370 shares during the last quarter. 54.57% of the capital is held by institutional investors.

About Invesco Mortgage Capital

Invesco Mortgage Capital, Inc. is a holding company that invests, finances and manages residential and commercial mortgage-backed securities and mortgage loans. The Company invests primarily in the following securities: Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS), Non-Agency RMBS, Non-Agency CMBS, Credit Risk Transfer Securities which are unsecured bonds issued by public companies, residential and commercial mortgages and other financing arrangements related to real estate.

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