Last Updated: 19 Sep 2024
Executive Summary
Invesco Mortgage Capital Inc. (IVR) is a real estate investment trust (REIT) that invests in mortgage-backed securities and other mortgage-related assets. The company has a market capitalization of $501.05 million and trades on the NYSE. IVR has a dividend yield of 0.175% and a forward PE ratio of 4.322. The stock price is currently trading at $9.14, which is below the analyst target price of $9.17.
Company Overview
Invesco Mortgage Capital Inc. is headquartered in Atlanta, Georgia. The company was founded in 2008 and is externally managed by Invesco Advisers, Inc. IVR invests in a portfolio of mortgage-backed securities, commercial mortgage-backed securities, and other mortgage-related assets. The company's investment objective is to provide its shareholders with current income and capital appreciation.
Fundamental Analysis
IVR has a strong financial profile. The company has a low debt-to-equity ratio of 0.25 and a strong interest coverage ratio of 2.5x. IVR also has a history of paying dividends, with a dividend yield of 0.175%. The company's earnings per share (EPS) have been volatile in recent years, but IVR is expected to report EPS of $0.10 in 2023.
Technical Analysis
The technical analysis of IVR indicates that the stock is in a downtrend. The stock price has been below its 50-day and 200-day moving averages for the past several months. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for IVR is neutral. The stock price is trading below its analyst target price, but the technical analysis indicates that the stock is in a downtrend. Investors should wait for the stock price to stabilize before buying.
Long Term Outlook
The long-term outlook for IVR is positive. The company has a strong financial profile and is expected to continue to pay dividends. The company's investment objective is to provide its shareholders with current income and capital appreciation, and IVR is well-positioned to achieve this goal.
Analyst Recommendations
The analysts have a consensus rating of "Hold" on IVR. One analyst has a "Strong Buy" rating, four analysts have a "Hold" rating, and one analyst has a "Sell" rating. The average analyst target price is $9.17.
