Barclays analyst Mark Devries maintained a Hold rating on Invesco Mortgage (IVR) on February 22 and set a price target of $15. The company’s shares closed on Friday at $15.92.
According to TipRanks.com, Devries is a 3-star analyst with an average return of 1.7% and a 61.3% success rate. Devries covers the Financial sector, focusing on stocks such as First American Financial Corporation, ARMOUR Residential REIT Inc, and Discover Financial Services.
The word on The Street in general, suggests a Hold analyst consensus rating for Invesco Mortgage with a $15 average price target.
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Based on Invesco Mortgage’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $161 million. In comparison, last year the company had a net profit of $141 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IVR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Invesco Mortgage Capital, Inc. engages in investing, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The firm primarily invests in the following: Residential mortgage-backed securities (RMBS), Commercial mortgage-backed securities, RMBS that are not guaranteed by a U.S. government agency, 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 was founded on June 5, 2008 and is headquartered in Atlanta, GA.
