FY2020 EPS Estimates for Invesco Mortgage Capital Inc. (NYSE:IVR) Reduced by Jefferies Financial Group

Invesco Mortgage Capital Inc. (NYSE:IVR) – Equities research analysts at Jefferies Financial Group dropped their FY2020 earnings estimates for Invesco Mortgage Capital in a research report issued on Wednesday, January 13th. Jefferies Financial Group analyst R. Carr now forecasts that the real estate investment trust will post earnings of ($1.64) per share for the year, down from their prior estimate of ($1.17). Jefferies Financial Group currently has a “Underperform” rating and a $2.75 price target on the stock.

A number of other equities research analysts have also recently commented on IVR. Bank of America increased their target price on shares of Invesco Mortgage Capital from $2.50 to $3.00 and gave the company an “underperform” rating in a research report on Wednesday, November 25th. Zacks Investment Research upgraded shares of Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a report on Thursday, December 17th. Four investment analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. Invesco Mortgage Capital presently has an average rating of “Sell” and a consensus target price of $2.80.

NYSE:IVR opened at $3.30 on Friday. The company’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.12. Invesco Mortgage Capital has a fifty-two week low of $1.56 and a fifty-two week high of $15.73.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Monday, November 9th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Invesco Mortgage Capital by 6.5{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} during the third quarter. BlackRock Inc. now owns 31,272,808 shares of the real estate investment trust’s stock valued at $84,748,000 after acquiring an additional 1,919,045 shares during the period. Vanguard Group Inc. grew its position in Invesco Mortgage Capital by 6.9{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} in the 2nd quarter. Vanguard Group Inc. now owns 17,630,431 shares of the real estate investment trust’s stock valued at $65,937,000 after buying an additional 1,138,238 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Invesco Mortgage Capital by 9.5{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,964,611 shares of the real estate investment trust’s stock worth $5,325,000 after acquiring an additional 171,029 shares during the period. EWG Elevate Inc. boosted its stake in Invesco Mortgage Capital by 770.8{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} during the 4th quarter. EWG Elevate Inc. now owns 1,819,892 shares of the real estate investment trust’s stock valued at $6,151,000 after purchasing an additional 1,610,895 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Invesco Mortgage Capital by 4.3{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} during the third quarter. Morgan Stanley now owns 1,399,835 shares of the real estate investment trust’s stock valued at $3,794,000 after buying an additional 58,253 shares in the last quarter. Institutional investors own 51.33{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} of the company’s stock.

In other news, Director James R. Lientz, Jr. sold 10,888 shares of the business’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $3.42, for a total value of $37,236.96. Following the completion of the sale, the director now owns 43,931 shares of the company’s stock, valued at approximately $150,244.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 26th. Shareholders of record on Tuesday, January 12th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 9.70{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0}. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, January 11th. Invesco Mortgage Capital’s dividend payout ratio is 16.67{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0}.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.

Further Reading: Are we seeing the beginning of a new bubble?

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Rachel C. Carpenter

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