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%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/02/invesco-mortgage-capital-inc-ivr-receives-consensus-rating-of-buy-from-analysts.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.