Invesco Mortgage Capital (NYSE:IVR) Rating Lowered to Sell at StockNews.com

Invesco Mortgage Capital (NYSE:IVR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Invesco Mortgage Capital Stock Up 1.2 %

IVR traded up $0.10 during trading on Monday, reaching $8.67. 843,376 shares of the company’s stock were exchanged, compared to its average volume of 945,709. The company has a market capitalization of $421.73 million, a P/E ratio of -10.83 and a beta of 1.88. The business has a 50 day moving average price of $8.94 and a 200 day moving average price of $8.57. Invesco Mortgage Capital has a fifty-two week low of $6.34 and a fifty-two week high of $12.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new stake in shares of Invesco Mortgage Capital in the 3rd quarter valued at approximately $4,349,000. Jupiter Asset Management Ltd. bought a new stake in Invesco Mortgage Capital in the third quarter valued at $3,144,000. CastleKnight Management LP acquired a new position in Invesco Mortgage Capital during the fourth quarter worth $2,752,000. Wolverine Asset Management LLC acquired a new position in Invesco Mortgage Capital during the third quarter worth $2,712,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,718,590 shares of the real estate investment trust’s stock valued at $37,223,000 after acquiring an additional 110,709 shares during the period. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.