INVESCO MORTGAGE CAPITAL INC found using ticker (IVR) now have 3 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 3 and 2 calculating the mean target price we have 2.43. With the stocks previous close at 2.26 this indicates there is a potential upside of 7.5%. The 50 day moving average now sits at 2.34 and the 200 day MA is 2.96. The market cap for the company is $713m. Company Website: https://www.invescomortgagecapital.com
The potential market cap would be $766m 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.
