Invesco Mortgage Capital Inc (NYSE:IVR) EVP David B. Lyle acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $16.97 per share, with a total value of $33,940.00. Following the transaction, the executive vice president now owns 17,268 shares of the company’s stock, valued at $293,037.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Invesco Mortgage Capital Inc (NYSE IVR) opened at $16.92 on Tuesday. Invesco Mortgage Capital Inc has a 52-week low of $14.15 and a 52-week high of $18.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market cap of $1,865.11, a P/E ratio of 10.38 and a beta of 0.87.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The firm had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.85 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. Invesco Mortgage Capital’s revenue for the quarter was up 9.2% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Wednesday, September 27th were given a dividend of $0.41 per share. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, September 26th. This represents a $1.64 annualized dividend and a yield of 9.69%. Invesco Mortgage Capital’s dividend payout ratio is 44.09%.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Invesco Mortgage Capital by 4.7% during the second quarter. BlackRock Inc. now owns 11,310,533 shares of the real estate investment trust’s stock worth $189,000,000 after purchasing an additional 507,608 shares during the last quarter. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 1.0% during the second quarter. Vanguard Group Inc. now owns 9,149,357 shares of the real estate investment trust’s stock worth $152,886,000 after purchasing an additional 87,633 shares during the last quarter. State Street Corp increased its position in Invesco Mortgage Capital by 5.7% during the second quarter. State Street Corp now owns 2,554,077 shares of the real estate investment trust’s stock worth $42,678,000 after purchasing an additional 138,635 shares during the last quarter. Prudential Financial Inc. increased its position in Invesco Mortgage Capital by 17.1% during the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after purchasing an additional 323,130 shares during the last quarter. Finally, FMR LLC increased its position in Invesco Mortgage Capital by 71.3% during the second quarter. FMR LLC now owns 1,712,523 shares of the real estate investment trust’s stock worth $28,616,000 after purchasing an additional 712,600 shares during the last quarter. 63.55% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on IVR shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. BidaskClub lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Invesco Mortgage Capital currently has a consensus rating of “Buy” and an average price target of $18.13.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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