INVESCO MORTGAGE CAPITAL INC found using ticker (IVR) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The target price ranges between 15.5 and 14 and has a mean target at 14.83. Now with the previous closing price of 16.13 this now indicates there is a potential downside of -8.1%. There is a 50 day moving average of 15.21 while the 200 day moving average is 21.67. The market cap for the company is $535m. Company Website: https://www.invescomortgagecapital.com
The potential market cap would be $492m 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.
