Invesco Mortgage Capital Inc (IVR) Receives Average Rating of “Hold” from Brokerages
Invesco Mortgage Capital Inc (NYSE:IVR) has earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.38.
A number of research analysts have recently issued reports on IVR shares. Zacks Investment Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Wunderlich lifted their target price on shares of Invesco Mortgage Capital from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Invesco Mortgage Capital in a research note on Thursday, April 6th. Finally, BidaskClub upgraded shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st.
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In related news, insider John Anzalone purchased 2,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of $15.54 per share, with a total value of $31,080.00. Following the purchase, the insider now directly owns 62,107 shares in the company, valued at $965,142.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Invesco Mortgage Capital during the first quarter worth $150,000. First Financial Equity Corporation acquired a new stake in shares of Invesco Mortgage Capital during the first quarter worth $168,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco Mortgage Capital by 8.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,570 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,016 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Invesco Mortgage Capital by 203.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 9,000 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Invesco Mortgage Capital by 5.4% in the first quarter. IFP Advisors Inc now owns 14,541 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 749 shares during the last quarter. 64.40% of the stock is owned by institutional investors and hedge funds.
Shares of Invesco Mortgage Capital (NYSE IVR) traded up 0.36% during trading on Tuesday, reaching $16.64. The company had a trading volume of 640,606 shares. The company has a market cap of $1.86 billion, a P/E ratio of 4.37 and a beta of 0.81. Invesco Mortgage Capital has a 12-month low of $13.54 and a 12-month high of $17.34. The firm has a 50-day moving average of $16.37 and a 200-day moving average of $15.56.
Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, May 4th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Invesco Mortgage Capital had a net margin of 64.31% and a return on equity of 9.18%. The company had revenue of $86.27 million during the quarter, compared to analysts’ expectations of $80.90 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Invesco Mortgage Capital’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Invesco Mortgage Capital will post $1.60 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Tuesday, June 27th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 9.62%. Invesco Mortgage Capital’s dividend payout ratio is presently 41.78%.
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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