INVESCO MORTGAGE CAPITAL INC which can be found using ticker (IVR) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The target price High/Low ranges between 12.5 and 10.5 calculating the mean target price we have $11.33. Given that the stocks previous close was at $10.49 this is indicating there is a potential upside of 8.0%. The 50 day moving average now sits at $11.77 and the 200 day MA is $13.38. The market capitalization for the company is $435m. Company Website: https://www.invescomortgagecapital.com
The potential market cap would be $470m based on the market consensus.
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.
The company has a dividend yield of 15.43% with the ex dividend date set at 6-4-2023 (DMY).
