Invesco Mortgage Capital Inc (NYSE:IVR) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.13.
A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 target price on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. BidaskClub upgraded shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th.
Invesco Mortgage Capital (NYSE IVR) traded up $0.27 during mid-day trading on Monday, reaching $17.29. 1,319,561 shares of the company’s stock were exchanged, compared to its average volume of 841,742. Invesco Mortgage Capital has a 12 month low of $14.15 and a 12 month high of $18.02. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1,920.00, a P/E ratio of 10.55 and a beta of 0.87.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $68.20 million during the quarter, compared to the consensus estimate of $68.85 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 9.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th were paid 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 dividend yield of 9.49%. Invesco Mortgage Capital’s dividend payout ratio is 51.57%.
In other Invesco Mortgage Capital news, EVP David B. Lyle purchased 2,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $16.97 per share, for a total transaction of $33,940.00. Following the purchase, the executive vice president now directly owns 17,268 shares in the company, valued at approximately $293,037.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Invesco Mortgage Capital by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 488 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at $172,000. Investment Centers of America Inc. acquired a new position in Invesco Mortgage Capital in the 2nd quarter valued at $180,000. Stevens Capital Management LP acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at $204,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at $213,000. Institutional investors own 63.55% 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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