BofA analyst Derek Hewett raised the firm’s price target on Invesco Mortgage to $7.50 from $6.75 and keeps an Underperform rating on the shares. Given the firm’s updated book value per share estimates, the analyst marks-to-market price targets higher for Agency mREITs as mortgage spreads tighten.
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Read More on IVR:
- Mortgage applications increased 2.5% from last week, MBA says
- Invesco Mortgage Capital Inc. Reports Third Quarter 2023 Financial Results
- Invesco Mortgage reports Q3 adjusted EPS $1.51, consensus $1.33
- Invesco Mortgage Capital (IVR) Q3 Earnings Cheat Sheet
- Invesco Mortgage initiated with a Neutral at BTIG