Morgan Stanley Comments on Invesco Mortgage Capital, Remains Equal-Weight
Morgan Stanley provided color on Invesco Mortgage Capital (NYSE: IVR) in a research report published today. Morgan Stanley has an Equal-Weight rating on Invesco Mortgage Capital.
In the report, Morgan Stanely states, "IVR announced investment portfolio details and repo balances as of 11/30/2011, as well as a 7 million share repurchase program. We believe that IVR may repurchase shares opportunistically as shares are currently ~10% below book value."
Shares of Invesco Mortgage Capital were trading at $14.98 at the time of posting, up 3.38% from Monday's market close.
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