Invesco Mortgage Capital (NYSE:IVR) Receives Market Perform Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of Invesco Mortgage Capital (NYSE:IVR) in a report issued on Thursday,Benzinga reports.

Separately, StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

Invesco Mortgage Capital Stock Up 0.5 %

Shares of IVR stock opened at $8.13 on Thursday. Invesco Mortgage Capital has a 12 month low of $7.47 and a 12 month high of $9.97. The firm has a market cap of $493.73 million, a price-to-earnings ratio of 6.78 and a beta of 1.86. The stock has a 50-day moving average price of $8.22 and a 200 day moving average price of $8.58.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same period last year, the firm earned $1.51 earnings per share. Sell-side analysts predict that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 19.68%. The ex-dividend date was Monday, December 30th. Invesco Mortgage Capital’s payout ratio is presently 133.33%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Invesco Mortgage Capital by 32.9% during the 4th quarter. SG Americas Securities LLC now owns 24,300 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 6,019 shares during the period. 180 Wealth Advisors LLC raised its position in shares of Invesco Mortgage Capital by 22.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,542 shares during the period. Range Financial Group LLC bought a new position in shares of Invesco Mortgage Capital during the 4th quarter valued at about $177,000. JPMorgan Chase & Co. grew its position in shares of Invesco Mortgage Capital by 134.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust’s stock valued at $1,333,000 after purchasing an additional 81,477 shares during the period. Finally, Barclays PLC increased its stake in Invesco Mortgage Capital by 326.5% during the 3rd quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock worth $708,000 after purchasing an additional 57,649 shares in the last quarter. 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.