INVESCO MORTGAGE CAPITAL INC found using ticker (IVR) now have 3 analysts in total covering the stock. The consensus rating is ‘Underperform’. The range between the high target price and low target price is between 14 and 11.5 with a mean TP of 12.5. Given that the stocks previous close was at 13.12 this would imply there is a potential downside of -4.7%. The 50 day moving average now sits at 12.27 and the 200 moving average now moves to 15.56. The market capitalisation for the company is $461m. Company Website: https://www.invescomortgagecapital.com
The potential market cap would be $439m based on the market concensus.
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S. government agency or federally chartered corporation; RMBS and CMBS that are not issued or guaranteed by a U.S. government agency or federally chartered corporation; credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; residential and commercial mortgage loans; and other real estate-related financing arrangements. Invesco Mortgage Capital Inc. has elected to be taxed as a REIT and would be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.
