Shares of Invesco Mortgage Capital Inc (NYSE:IVR) have received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.08.
Several analysts have recently issued reports on the stock. Credit Suisse Group lowered shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $17.74 to $18.00 in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 target price on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th.
Invesco Mortgage Capital (IVR) traded down $0.34 during midday trading on Friday, hitting $17.24. 1,528,279 shares of the stock traded hands, compared to its average volume of 1,071,085. Invesco Mortgage Capital has a 12-month low of $14.15 and a 12-month high of $18.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market cap of $1,962.22, a price-to-earnings ratio of 4.63 and a beta of 0.86.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, December 26th were issued a $0.42 dividend. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date of this dividend was Friday, December 22nd. Invesco Mortgage Capital’s payout ratio is 45.16%.
In related news, EVP David B. Lyle purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $16.97 per share, with a total value of $33,940.00. Following the acquisition, the executive vice president now owns 17,268 shares of the company’s stock, valued at $293,037.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of IVR. Schwab Charles Investment Management Inc. boosted its holdings in shares of Invesco Mortgage Capital by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 747,246 shares of the real estate investment trust’s stock worth $12,487,000 after buying an additional 35,199 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 3.4% in the 2nd quarter. Principal Financial Group Inc. now owns 13,988 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 462 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Invesco Mortgage Capital by 61.0% in the 2nd quarter. Wells Fargo & Company MN now owns 591,120 shares of the real estate investment trust’s stock worth $9,877,000 after buying an additional 223,934 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Invesco Mortgage Capital by 40.1% in the 2nd quarter. Alliancebernstein L.P. now owns 325,553 shares of the real estate investment trust’s stock worth $5,440,000 after buying an additional 93,210 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Invesco Mortgage Capital by 6.2% in the 2nd quarter. Teachers Advisors LLC now owns 205,745 shares of the real estate investment trust’s stock worth $3,438,000 after buying an additional 11,932 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors.
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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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