JMP Securities Reiterates Market Perform Rating for Invesco Mortgage Capital (NYSE:IVR)

Invesco Mortgage Capital (NYSE:IVR)‘s stock had its “market perform” rating reissued by JMP Securities in a research note issued to investors on Thursday,Benzinga reports.

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

Invesco Mortgage Capital Stock Performance

NYSE:IVR traded up $0.06 during trading hours on Thursday, reaching $8.15. The stock had a trading volume of 86,568 shares, compared to its average volume of 1,245,518. The stock has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $8.60. Invesco Mortgage Capital has a 12-month low of $7.47 and a 12-month high of $9.97. The stock has a market cap of $494.71 million, a P/E ratio of 6.80 and a beta of 1.86.

Invesco Mortgage Capital (NYSE:IVR) last posted 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). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same period in the prior year, the business posted $1.51 EPS. On average, equities analysts expect that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Invesco Mortgage Capital by 7.0% during the third quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock valued at $11,504,000 after buying an additional 80,051 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the third quarter valued at $1,002,000. Barclays PLC grew its holdings in shares of Invesco Mortgage Capital by 326.5% during the third quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock valued at $708,000 after buying an additional 57,649 shares during the last quarter. PL Capital Advisors LLC grew its holdings 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 valued at $3,756,000 after buying an additional 200,000 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Invesco Mortgage Capital by 1.3% during the third quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust’s stock valued at $9,517,000 after buying an additional 12,557 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

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.