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 highest level INVESCO MORTGAGE CAPITAL INC (IVR) is projected to reach is $18 for the short term and the lowest estimate is at $15. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16.35 and the possibility the share price can swing is $1.19.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Keefe Bruyette & Woods maintains the rating on INVESCO MORTGAGE CAPITAL INC (NYSE:IVR). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the 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): The stock opened at $16.08 and touched an intraday high of $16.28 on Wednesday. During the day, the stock corrected to an intraday low of $16.08, however, the bulls stepped in and pushed the price higher to close in the green at $16.24 with a gain of 0.87% for the day. The total traded volume for the day was 679,165. The stock had closed at $16.1 in the previous trading session.
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.