Share on StockTwits

Invesco Mortgage Capital (NYSE:IVR) Director John Day purchased 7 shares of Invesco Mortgage Capital stock on the open market in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $24.36 per share, for a total transaction of $170.52. Following the acquisition, the director now directly owns 7,070 shares in the company, valued at approximately $172,225. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Invesco Mortgage Capital (NYSE:IVR) opened at 17.21 on Monday. Invesco Mortgage Capital has a 52-week low of $14.40 and a 52-week high of $18.00. The stock has a 50-day moving average of $17.22 and a 200-day moving average of $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.

IVR has been the subject of a number of recent research reports. 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. Invesco Mortgage Capital has a consensus rating of “Hold” and an average target price of $22.84.

Invesco Mortgage Capital Inc is a real estate investment trust (NYSE:IVR).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.