Invesco Mortgage Capital’s (IVR) Market Perform Rating Reaffirmed at JMP Securities

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

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

Invesco Mortgage Capital Trading Up 0.1 %

Shares of NYSE:IVR opened at $8.10 on Thursday. The firm has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $8.60. The company has a market capitalization of $491.79 million, a PE ratio of 6.75 and a beta of 1.86. Invesco Mortgage Capital has a twelve month low of $7.47 and a twelve month high of $9.97.

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

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.76%. Invesco Mortgage Capital’s payout ratio is 133.33%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Invesco Mortgage Capital by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,360 shares during the last quarter. SG Americas Securities LLC purchased a new position in Invesco Mortgage Capital in the 3rd quarter valued at $172,000. Firethorn Wealth Partners LLC increased its stake in Invesco Mortgage Capital by 68.3% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 67,416 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 27,356 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 839.0% in the third quarter. International Assets Investment Management LLC now owns 25,823 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 23,073 shares in the last quarter. Finally, PL Capital Advisors LLC increased its stake in shares of Invesco Mortgage Capital by 100.0% during the third quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock worth $3,756,000 after acquiring an additional 200,000 shares during the period. 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.