David B. Lyle Purchases 2,000 Shares of Invesco Mortgage Capital Inc (IVR) Stock
Invesco Mortgage Capital Inc (NYSE:IVR) EVP David B. Lyle acquired 2,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the completion of the acquisition, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Invesco Mortgage Capital Inc (IVR) traded down $0.23 on Monday, hitting $16.71. The stock had a trading volume of 653,800 shares, compared to its average volume of 836,888. The firm has a market cap of $1,865.11, a P/E ratio of 10.38 and a beta of 0.87. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital Inc has a fifty-two week low of $14.15 and a fifty-two week high of $18.02.
Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. Invesco Mortgage Capital’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS.
COPYRIGHT VIOLATION WARNING: “David B. Lyle Purchases 2,000 Shares of Invesco Mortgage Capital Inc (IVR) Stock” was posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/13/david-b-lyle-purchases-2000-shares-of-invesco-mortgage-capital-inc-ivr-stock.html.
Institutional investors and hedge funds have recently made changes to their positions in the company. IndexIQ Advisors LLC lifted its holdings in Invesco Mortgage Capital by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after buying an additional 14,128 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Invesco Mortgage Capital by 203.6% during the 1st 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 in the last quarter. Voya Investment Management LLC lifted its holdings in Invesco Mortgage Capital by 16.1% during the 2nd quarter. Voya Investment Management LLC now owns 51,280 shares of the real estate investment trust’s stock worth $857,000 after buying an additional 7,101 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Invesco Mortgage Capital by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock worth $139,731,000 after buying an additional 559,928 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Invesco Mortgage Capital by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after buying an additional 323,130 shares in the last quarter. 63.55% of the stock is currently owned by institutional investors and hedge funds.
IVR has been the topic of several recent analyst reports. BidaskClub downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Invesco Mortgage Capital has an average rating of “Buy” and an average target price of $18.13.
About Invesco Mortgage Capital
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.
Receive News & Ratings for Invesco Mortgage Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital Inc and related companies with MarketBeat.com's FREE daily email newsletter.