INVESCO MORTGAGE CAPITAL INC (IVR) : 6 analysts are covering INVESCO MORTGAGE CAPITAL INC (IVR) and their average rating on the stock is 2.17, 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. INVESCO MORTGAGE CAPITAL INC (IVR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold 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 (IVR) : The consensus price target for INVESCO MORTGAGE CAPITAL INC (IVR) is $16.35 for the short term with a standard deviation of $1.19. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $15.
Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods raises the new price target from $15.5 per share to $16.25 per share. The rating by the firm was issued on August 9, 2016.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): After opening at $15.41, the stock dipped to an intraday low of $15.39 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.65 and the buying power remained strong till the end. The stock closed at $15.62 for the day, a gain of 1.63% for the day session. The total traded volume was 600,043. The stocks close on the previous trading day was $15.37.
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.