INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) : 5 analysts are covering INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) : The most positive equity analysts on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $14.13 with an expected fluctuation of $0.85 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Nomura upgrades its rating on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR). As per the latest information, the brokerage house raises the price target to $16 per share from a prior target of $14. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 18, 2016.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): stock turned positive on Tuesday. Though the stock opened at $13.39, the bulls momentum made the stock top out at $13.57 level for the day. The stock recorded a low of $13.33 and closed the trading day at $13.44, in the green by 1.43%. The total traded volume for the day was 1,619,776. The stock had closed at $13.25 in the previous days trading.
In an insider trading activity, Anzalone John, officer (CIO) of Invesco Mortgage Capital Inc., executed a transaction worth $56,720 on May 17, 2016. A total of 4,000 shares were purchased at an average price of $14.18. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS), RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS), credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT), commercial mortgage-backed securities (CMBS), residential and commercial mortgage loans, and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers, Inc.