Invesco Mortgage Capital (NYSE:IVR) Now Covered by Analysts at BofA Securities

Stock analysts at BofA Securities began coverage on shares of Invesco Mortgage Capital (NYSE:IVR) in a research report issued on Tuesday, Briefing.com Automated Import reports. The brokerage set an “underperform” rating and a $2.50 price target on the real estate investment trust’s stock. BofA Securities’ target price would suggest a potential downside of 29.97% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Invesco Mortgage Capital from a “c-” rating to a “d” rating in a research note on Wednesday, June 24th. Bank of America began coverage on shares of Invesco Mortgage Capital in a research note on Tuesday. They set an “underperform” rating for the company. ValuEngine raised shares of Invesco Mortgage Capital from a “strong sell” rating to a “sell” rating in a research note on Monday, June 1st. Credit Suisse Group reaffirmed a “sell” rating and set a $2.50 price target on shares of Invesco Mortgage Capital in a research note on Monday, June 22nd. Finally, Barclays cut shares of Invesco Mortgage Capital from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $3.00 to $2.00 in a research report on Wednesday, May 27th. Five equities research analysts have rated the stock with a sell rating, The stock presently has a consensus rating of “Sell” and a consensus price target of $2.33.

IVR stock opened at $3.57 on Tuesday. The company has a fifty day moving average price of $3.62 and a 200-day moving average price of $10.08. The company has a market capitalization of $605.43 million, a P/E ratio of -0.40 and a beta of 1.42. Invesco Mortgage Capital has a 52-week low of $1.56 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.02 and a current ratio of 0.02.

Institutional investors have recently added to or reduced their stakes in the business. PSI Advisors LLC bought a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at about $32,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at about $15,609,000. Tower Research Capital LLC TRC lifted its position in shares of Invesco Mortgage Capital by 3,411.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,863 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 3,753 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at about $107,000. Finally, Acadian Asset Management LLC bought a new stake in Invesco Mortgage Capital in the fourth quarter worth about $108,000. 65.11% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Company Profile

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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