Headlines about Invesco Mortgage Capital (NYSE:IVR) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Invesco Mortgage Capital earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.4131380568902 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Separately, Credit Suisse Group downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $17.74 to $18.00 in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.08.
Shares of Invesco Mortgage Capital stock opened at $16.38 on Thursday. The company has a market cap of $1,831.75, a price-to-earnings ratio of 5.96 and a beta of 0.70. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital has a twelve month low of $14.84 and a twelve month high of $18.86.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $93.04 million for the quarter, compared to the consensus estimate of $71.20 million. Invesco Mortgage Capital had a net margin of 56.83% and a return on equity of 9.56%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Tuesday, March 27th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 10.26%. The ex-dividend date is Monday, March 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 61.09%.
In other news, CFO Richard Lee Jr. Phegley purchased 1,750 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $15.49 per share, with a total value of $27,107.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis P. Lockhart purchased 61,750 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $988,000.00. Following the completion of the acquisition, the director now directly owns 33,427 shares of the company’s stock, valued at approximately $534,832. The disclosure for this purchase can be found here. Insiders bought a total of 65,000 shares of company stock worth $1,039,273 over the last ninety days. Insiders own 0.25% of the company’s stock.
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Invesco Mortgage Capital Company Profile
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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