Invesco Mortgage Capital Inc (IVR) Shares Gap Up to $17.36

Invesco Mortgage Capital Inc (NYSE:IVR)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $16.77, but opened at $17.36. Invesco Mortgage Capital shares last traded at $18.02, with a volume of 5224400 shares trading hands.

Several equities analysts have recently commented on IVR shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, August 10th. BidaskClub lowered Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Invesco Mortgage Capital has an average rating of “Buy” and a consensus target price of $18.13.

The company has a market cap of $2,023.61, a price-to-earnings ratio of 11.26 and a beta of 0.87. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.86.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The company had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th were issued a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 26th. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 9.03%. Invesco Mortgage Capital’s dividend payout ratio is 44.09%.

In related news, EVP David B. Lyle bought 2,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $16.97 per share, with a total value of $33,940.00. Following the completion of the acquisition, the executive vice president now owns 17,268 shares of the company’s stock, valued at $293,037.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Invesco Mortgage Capital by 5.7% during the second quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 488 shares during the period. ETRADE Capital Management LLC acquired a new position in shares of Invesco Mortgage Capital during the third quarter worth approximately $172,000. Investment Centers of America Inc. acquired a new position in shares of Invesco Mortgage Capital during the second quarter worth approximately $180,000. Stevens Capital Management LP acquired a new position in shares of Invesco Mortgage Capital during the third quarter worth approximately $204,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Invesco Mortgage Capital during the third quarter worth approximately $213,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

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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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