Invesco Mortgage Capital Inc (IVR) was Upgraded by Nomura to ” Buy” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Neutral ” on the company shares. Nomura advised their investors in a research report released on May 18, 2016.
Many Wall Street Analysts have commented on Invesco Mortgage Capital Inc. Invesco Mortgage Capital Inc was Upgraded by Wells Fargo to ” Market Perform” on May 11, 2016. Invesco Mortgage Capital Inc was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
On the company’s financial health, Invesco Mortgage Capital Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.40.Analysts expectations of $ 87.81.During the same quarter in the previous year, the company posted $0.50 EPS.
Invesco Mortgage Capital Inc opened for trading at $13.95 and hit $14.23 on the upside on Monday, eventually ending the session at $14.22, with a gain of 1.94% or 0.27 points. The heightened volatility saw the trading volume jump to 13,93,266 shares. Company has a market cap of $1,587 M.
In a different news, on Mar 15, 2016, Richard J. King (CEO) purchased 2,000 shares at $12.19 per share price. According to the SEC, 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.