Insider Buying: Invesco Mortgage Capital COO Acquires 1,605 Shares of Stock (IVR)
Invesco Mortgage Capital (NYSE:IVR) COO Robson Kuster bought 1,605 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $27,718.35. Following the completion of the transaction, the chief operating officer now directly owns 1,786 shares of the company’s stock, valued at approximately $30,844. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Invesco Mortgage Capital (NYSE:IVR) traded up 1.02% during mid-day trading on Tuesday, hitting $17.78. The stock had a trading volume of 331,895 shares. Invesco Mortgage Capital has a 52 week low of $14.40 and a 52 week high of $19.74. The stock’s 50-day moving average is $16.80 and its 200-day moving average is $15.98. The company’s market cap is $2.189 billion.
Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Monday, May 5th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $102.20 million for the quarter, compared to the consensus estimate of $77.10 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Invesco Mortgage Capital will post $1.99 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on IVR shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco Mortgage Capital from $18.00 to $18.50 in a research note on Tuesday, May 6th. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Invesco Mortgage Capital from $16.00 to $17.00 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Invesco Mortgage Capital from $18.00 to $19.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Invesco Mortgage Capital currently has an average rating of “Hold” and an average price target of $17.78.
Invesco Mortgage Capital Inc is a real estate investment trust (NYSE:IVR).
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