UPDATE: Guggenheim Raises Invesco Mortgage Capital's PT

According to a research report published this morning, Guggenheim has increased Invesco Mortgage Capital's

from $17 to $18. In the report, Guggenheim said, "We Think CPR Improvement Boosted Asset Values. From 4Q11 to 1Q12,the non-agency constant prepayment rate (CPR) increased 120bp to 16.0 and agency CPRs declined sequentially for each asset class. We think these improvements produced higher RMBS valuations and grew IVR's BVPS 12.2% from 4Q11." Guggenheim maintains its Neutral rating on Invesco Mortgage Capital, which closed yesterday at $17.39.