Barclays Maintains an 'Overweight' on Invesco Mortgage Capital (IVR); Updating Estimates on 2Q11 Performance

Barclays maintains an 'Overweight' on Invesco Mortgage Capital (NYSE: IVR) price target of $25.00.

Barclays analyst says, "Based on 2Q11 results and a changing MBS environment, we are revising our 2011 and 2012 Core EPS estimates to $3.91 and $3.83 from $4.00 and $4.03, respectively."

"With the shares currently trading at only 0.95x book value and a dividend yield of over 21%, we continue to rate IVR OW. As the stock trades back to a more
normalized multiple (1.0-1.1x) the price appreciation and dividend income should provide a significant total return opportunity."

For more ratings news on Invesco Mortgage Capital click here and for the rating history of Invesco Mortgage Capital click here.

Shares of Invesco Mortgage Capital closed at $18.32 yesterday.

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