INVESCO MORTGAGE CAPITAL INC with ticker code (IVR) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Underperform’. The range between the high target price and low target price is between 12.5 and 12 calculating the average target price we see $12.33. Given that the stocks previous close was at $11.29 this indicates there is a potential upside of 9.2%. Also worth taking note is the 50 day moving average now sits at $13.38 and the 200 day moving average is $13.81. The company has a market cap of $429m. Visit the company website at: https://www.invescomortgagecapital.com
The potential market cap would be $468m 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 24.41% with the ex dividend date set at 6-1-2023 (DMY).
