Invesco Mortgage Capital Inc (IVR) Receives Consensus Rating of “Buy” from Analysts

Invesco Mortgage Capital Inc (NYSE:IVR) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.13.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th.

In other news, EVP David B. Lyle acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $16.97 per share, with a total value of $33,940.00. Following the completion of the purchase, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Invesco Mortgage Capital by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 488 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in Invesco Mortgage Capital in the third quarter valued at approximately $172,000. Investment Centers of America Inc. acquired a new stake in Invesco Mortgage Capital in the second quarter valued at approximately $180,000. Stevens Capital Management LP acquired a new stake in Invesco Mortgage Capital in the third quarter valued at approximately $204,000. Finally, Atlantic Trust Group LLC acquired a new stake in Invesco Mortgage Capital in the second quarter valued at approximately $211,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Invesco Mortgage Capital (NYSE:IVR) traded down $0.19 during mid-day trading on Tuesday, reaching $17.64. 1,415,460 shares of the company’s stock traded hands, compared to its average volume of 1,143,800. Invesco Mortgage Capital has a 1 year low of $14.15 and a 1 year high of $18.86. The firm has a market capitalization of $1,970.00, a P/E ratio of 5.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01.

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 Thomson Reuters’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, December 26th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.52%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 52.83%.

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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.

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