Invesco Mortgage Capital (NYSE:IVR) Upgraded to C at TheStreet

Invesco Mortgage Capital (NYSE:IVR) was upgraded by TheStreet from a “d+” rating to a “c” rating in a research note issued on Friday, TheStreetRatingsTable reports.

IVR traded down $0.03 during trading on Friday, reaching $16.18. The company had a trading volume of 44,570 shares, compared to its average volume of 788,144. The firm’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.89. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 8.72 and a beta of 0.75. Invesco Mortgage Capital has a 12-month low of $13.67 and a 12-month high of $16.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.01 and a current ratio of 0.01.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $76.80 million. Invesco Mortgage Capital had a return on equity of 13.27% and a net margin of 9.54%. Invesco Mortgage Capital’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS.

In related news, insider Mario Clemente purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $15.71 per share, with a total value of $31,420.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Edward J. Hardin purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $15.73 per share, for a total transaction of $39,325.00. Following the purchase, the director now directly owns 35,357 shares in the company, valued at approximately $556,165.61. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in IVR. Horan Securities Inc. purchased a new position in Invesco Mortgage Capital during the 2nd quarter valued at about $30,000. NEXT Financial Group Inc purchased a new position in Invesco Mortgage Capital during the 2nd quarter valued at about $36,000. Synovus Financial Corp grew its stake in Invesco Mortgage Capital by 31.6% during the 3rd quarter. Synovus Financial Corp now owns 2,726 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 654 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Invesco Mortgage Capital during the 2nd quarter valued at about $64,000. Finally, Centaurus Financial Inc. grew its stake in Invesco Mortgage Capital by 6,218.6% during the 2nd quarter. Centaurus Financial Inc. now owns 6,445 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 6,343 shares in the last quarter. 64.10% of the stock is currently owned by institutional investors.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that 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.

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