FBR Capital (FBCM) Analysts Begin Coverage on Invesco Mortgage Capital Inc (IVR)
Thursday, July 14, 2021 10:51 AM



Equities research analysts at FBR Capital (NASDAQ: FBCM) initiated coverage on shares of Invesco Mortgage Capital Inc (NYSE: IVR) in a research note to investors on Thursday. The analysts set an "outperform" rating and a $24.00 price target on the stock.

Separately, analysts at Wunderlich reiterated a "buy" rating on shares of Invesco Mortgage Capital Inc in a research note to investors on Wednesday, June 8th.

Shares of Invesco Mortgage Capital Inc traded down 0.32% during mid-day trading on Friday, hitting $21.53. Invesco Mortgage Capital Inc has a 52 week low of $19.67 and a 52 week high of $24.07. The stock's 50-day moving average is $21.83 and its 200-day moving average is $22.2. The company has a market cap of $1.553 billion and a price-to-earnings ratio of 5.47.

Invesco Mortgage Capital Inc last announced its quarterly results on Tuesday, May 10th. The company reported $1.01 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.00 EPS by $0.01. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 268.70% on a year-over-year basis. On average, analysts predict that Invesco Mortgage Capital Inc will post $0.98 EPS next quarter.

Invesco Mortgage Capital Inc. focuses on investing in, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The Company invests in residential mortgage-backed securities (RMBS), for which a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) guarantees payments of principal and interest on the securities (collectively Agency RMBS). The Company’s Agency RMBS investments include mortgage pass-through securities and collateralized mortgage obligations (CMOs).

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