INVESCO MORTGAGE CAPITAL INC which can be found using ticker (IVR) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 12.5 and 10.5 with the average target price sitting at $11.33. Given that the stocks previous close was at $10.26 this indicates there is a potential upside of 10.4%. The day 50 moving average is $11.41 and the 200 day MA is $13.27. The company has a market cap of $426m. Find out more information at: https://www.invescomortgagecapital.com
The potential market cap would be $471m 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 15.56% with the ex dividend date set at 6-4-2023 (DMY).
