Invesco Mortgage (IVR) prices its 15M share secondary at $21/share for gross proceeds of about...

|About: Invesco Mortgage Capital... (IVR)|By:, SA News Editor

Invesco Mortgage (IVR) prices its 15M share secondary at $21/share for gross proceeds of about $315M. Shares -2.6% premarket. The company catches an upgrade to Buy from BofA with price target of $23, the analysts citing dividend stability and Invesco's move towards credit-sensitive instruments, i.e., non-agency MBS.