Invesco Mortgage Capital (NYSE:IVR) Receives New Coverage from Analysts at Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Invesco Mortgage Capital (NYSE:IVRFree Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $10.00 price objective on the real estate investment trust’s stock.

Separately, StockNews.com raised Invesco Mortgage Capital from a sell rating to a hold rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $9.50.

View Our Latest Stock Analysis on Invesco Mortgage Capital

Invesco Mortgage Capital Price Performance

NYSE IVR opened at $9.30 on Thursday. The business has a 50 day simple moving average of $8.98 and a 200 day simple moving average of $8.89. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $12.37. The stock has a market capitalization of $454.12 million, a P/E ratio of -13.29 and a beta of 1.90.

Invesco Mortgage Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.60 annualized dividend and a dividend yield of 17.20%. Invesco Mortgage Capital’s payout ratio is -228.57%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Valley Brook Capital Group Inc. raised its stake in shares of Invesco Mortgage Capital by 12.2% in the first quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,250 shares during the period. California State Teachers Retirement System raised its stake in shares of Invesco Mortgage Capital by 2.9% in the first quarter. California State Teachers Retirement System now owns 48,476 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 1,362 shares during the period. Swiss National Bank raised its stake in shares of Invesco Mortgage Capital by 1.6% in the third quarter. Swiss National Bank now owns 91,601 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 1,400 shares during the period. American International Group Inc. raised its stake in shares of Invesco Mortgage Capital by 7.8% in the first quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,740 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Invesco Mortgage Capital by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,541 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 2,236 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

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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.

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