Invesco Mortgage Capital Inc. (IVR) Given Average Recommendation of “Hold” by Analysts
Invesco Mortgage Capital Inc. (NYSE:IVR) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.76.
IVR has been the topic of several recent research reports. Credit Suisse Group AG restated a “buy” rating and set a $16.50 target price on shares of Invesco Mortgage Capital in a research report on Friday, September 9th. Zacks Investment Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Keefe, Bruyette & Woods set a $16.30 price objective on shares of Invesco Mortgage Capital and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Barclays PLC increased their price objective on shares of Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 9th. Finally, Nomura reissued an “in-line” rating and issued a $17.00 price objective (up from $16.00) on shares of Invesco Mortgage Capital in a research report on Monday, August 8th.
In other Invesco Mortgage Capital news, insider John Anzalone acquired 3,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $46,140.00. Following the completion of the purchase, the insider now owns 57,107 shares in the company, valued at $878,305.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard J. King acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $76,900.00. Following the completion of the purchase, the chief executive officer now owns 114,402 shares of the company’s stock, valued at approximately $1,759,502.76. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.
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Several institutional investors have recently added to or reduced their stakes in IVR. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 0.7% in the second quarter. Vanguard Group Inc. now owns 8,005,386 shares of the real estate investment trust’s stock worth $109,594,000 after buying an additional 56,046 shares in the last quarter. BlackRock Fund Advisors increased its position in Invesco Mortgage Capital by 17.1% in the second quarter. BlackRock Fund Advisors now owns 5,968,640 shares of the real estate investment trust’s stock worth $81,711,000 after buying an additional 873,371 shares in the last quarter. State Street Corp increased its position in Invesco Mortgage Capital by 1.7% in the first quarter. State Street Corp now owns 2,774,626 shares of the real estate investment trust’s stock worth $33,797,000 after buying an additional 47,397 shares in the last quarter. Global X Management Co. LLC increased its position in Invesco Mortgage Capital by 8.7% in the second quarter. Global X Management Co. LLC now owns 1,261,115 shares of the real estate investment trust’s stock worth $17,265,000 after buying an additional 101,381 shares in the last quarter. Finally, Credit Suisse AG increased its position in Invesco Mortgage Capital by 62.8% in the second quarter. Credit Suisse AG now owns 1,131,383 shares of the real estate investment trust’s stock worth $15,488,000 after buying an additional 436,469 shares in the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.
Invesco Mortgage Capital (NYSE:IVR) traded up 0.82% during mid-day trading on Wednesday, reaching $14.75. The company’s stock had a trading volume of 236,606 shares. The firm’s 50 day moving average is $15.24 and its 200-day moving average is $14.28. Invesco Mortgage Capital has a one year low of $9.74 and a one year high of $16.28. The stock’s market cap is $1.65 billion.
Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Friday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $79.24 million for the quarter, compared to analysts’ expectations of $72.22 million. Invesco Mortgage Capital had a negative net margin of 34.78% and a positive return on equity of 9.86%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts expect that Invesco Mortgage Capital will post $1.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, September 27th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 10.94%. Invesco Mortgage Capital’s dividend payout ratio is currently -86.02%.
About Invesco Mortgage Capital
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