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Invesco Mortgage Capital (IVR) Gains As Market Dips: What You Should Know

Zacks Equity Research
·2-min read

Invesco Mortgage Capital (IVR) closed the most recent trading day at $11.10, moving +0.91% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.51%. Meanwhile, the Dow lost 1.71%, and the Nasdaq, a tech-heavy index, lost 0.02%.

Prior to today's trading, shares of the real estate investment trust had lost 30.11% over the past month. This has lagged the Finance sector's loss of 9% and the S&P 500's loss of 9.52% in that time.

Invesco Mortgage Capital will be looking to display strength as it nears its next earnings release. On that day, Invesco Mortgage Capital is projected to report earnings of $0.96 per share, which would represent a year-over-year decline of 4%.

Investors should also note any recent changes to analyst estimates for Invesco Mortgage Capital. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Invesco Mortgage Capital currently has a Zacks Rank of #1 (Strong Buy).

In terms of valuation, Invesco Mortgage Capital is currently trading at a Forward P/E ratio of 2.49. This represents a discount compared to its industry's average Forward P/E of 7.02.

The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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INVESCO MORTGAGE CAPITAL INC (IVR) : Free Stock Analysis Report
 
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Zacks Investment Research