BGB Securities Initiates Coverage of Invesco Mortgage Capital (IVR) with a Buy; Strong Projected Dividend Yield
More News related to IVR
- Invesco Mortgage Capital Inc. Reports Results for Three Months Ended September 30, 2009
- Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
- Invesco Mortgage Capital Inc. to Announce Third Quarter 2009 Results
- Invesco Mortgage Capital Inc. Declares Third Quarter 2009 Dividend
- China's Sovereign-Wealth Fund Looks For Deals In U.S. Real Estate
BGB Securities initiates coverage of Invesco Mortgage Capital (NYSE: IVR) with a Buy rating. Price target $22.
BGB analyst says, "Based on projected dividends of $3 per share in 2010, we think investors in IVR will harvest a 15% dividend yield and relatively modest price appreciation. For investors with an appetite for investing in a strategy diversified among assets that are either guaranteed by a GSE or deeply discounted, the shares of IVR provide opportunity to invest alongside experienced sponsors, including Invesco Institutional (N.A.), Invesco Real Estate, and WL Ross & Co...Although we think the risk-adjusted returns of investing in agency guaranteed RMBS could generate more attractive risk-adjusted
returns in the intermediate term, exposure to asset classes that can specifically benefit from the administration's efforts to stabilize regulated financial institutions could lead to better opportunities in the future."
To see more analyst ratings on IVR Click Here.
Invesco Agency Securities Inc. operates as a mortgage real estate investment trust.
Related Categories
New CoverageStocks Mentioned
-0.15Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
