Does Invesco Mortgage Capital Belong in Your Portfolio?
Last year was a horrible time for the mortgage real estate investment trust (REIT) sector. Early on in the COVID-19 crisis, mortgage markets seized up and triggered a selling vortex for many mortgage-backed securities. Even mortgage bonds that were guaranteed by the U.S. government were thrown overboard until the Fed began to support the market.
Eventually, the crisis passed. However, several names in the space almost didn't make it through. One such name, Invesco Mortgage Capital (NYSE: IVR), went on a wild ride and became a favorite of the Robinhood crowd. Now that the financial markets' stress from early 2020 has abated, would this stock make sense in your portfolio?
Image source: Getty Images.
Source Fool.com
