Wells Fargo Downgrades Invesco Mortgage Capital Inc to Market Perform

Brokerage firm Wells Fargo Downgrades its rating on Invesco Mortgage Capital Inc(NYSE:IVR). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wells Fargo was issued on Apr 11, 2016.

In a different note, On Feb 24, 2016, Nomura said it Maintains its rating on Invesco Mortgage Capital Inc. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 15, 2016, Wells Fargo said it Downgrades its rating on Invesco Mortgage Capital Inc. The shares have been rated ‘Market Perform’ by the firm.

Invesco Mortgage Capital Inc (IVR) made into the market gainers list on Fridays trading session with the shares advancing 0.08% or 0.01 points. Due to strong positive momentum, the stock ended at $12.39, which is also near the day’s high of $12.46. The stock began the session at $12.38 and the volume stood at 7,37,622 shares. The 52-week high of the shares is $16.1299 and the 52 week low is $9.74. The company has a current market capitalization of $1,408 M and it has 11,36,21,371 shares in outstanding.

Invesco Mortgage Capital Inc(IVR) last announced its earnings results on Feb 22, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $88.48M. Analysts had an estimated revenue of $77.40M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Richard J. King (CEO) purchased 2,000 shares at $12.19 per share price.Also, On Nov 13, 2015, Richard Lee Jr. Phegley (CFO) purchased 1,853 shares at $12.95 per share price.On Aug 20, 2015, John Anzalone (CIO) purchased 1,200 shares at $13.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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