Insider Buying: John Day Purchases 355 Shares of Invesco Mortgage Capital Stock (IVR)
Invesco Mortgage Capital (NYSE:IVR) Director John Day purchased 355 shares of Invesco Mortgage Capital stock on the open market in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $24.50 per share, for a total transaction of $8,697.50. Following the purchase, the director now directly owns 7,070 shares in the company, valued at approximately $173,215. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Invesco Mortgage Capital (NYSE:IVR) traded up 0.35% during mid-day trading on Friday, hitting $17.21. 622,035 shares of the company’s stock traded hands. Invesco Mortgage Capital has a 52-week low of $14.40 and a 52-week high of $18.00. The stock’s 50-day moving average is $17.22 and its 200-day moving average is $16.89. The company’s market cap is $2.118 billion.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings data on Tuesday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. During the same quarter in the previous year, the company posted $0.59 earnings per share. 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 JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Invesco Mortgage Capital in a research note on Friday, August 1st. They now have a $44.00 price target on the stock, up previously from $43.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco Mortgage Capital from $18.50 to $19.80 in a research note on Thursday, July 31st. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Invesco Mortgage Capital in a research note on Wednesday, July 30th. They now have a $18.50 price target on the stock, up previously from $18.00. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.84.
Invesco Mortgage Capital Inc is a real estate investment trust (NYSE:IVR).
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