According to Zacks, “Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd., a leading independent global investment management company. The company’s objective is to provide attractive risk-adjusted returns to its investors over the long term, primarily through dividends and secondarily through capital appreciation. “
IVR has been the topic of several other research reports. Credit Suisse Group AG reaffirmed a buy rating and set a $16.50 price target on shares of Invesco Mortgage Capital in a research note on Friday, September 9th. Barclays PLC boosted their target price on shares of Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an equal weight rating in a research report on Tuesday, August 9th. Keefe, Bruyette & Woods set a $16.30 target price on shares of Invesco Mortgage Capital and gave the stock a buy rating in a research report on Tuesday, August 9th. Finally, Nomura reissued an in-line rating and issued a $17.00 target price (up previously from $16.00) on shares of Invesco Mortgage Capital in a research report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $15.97.
Invesco Mortgage Capital (NYSE:IVR) opened at 14.61 on Wednesday. Invesco Mortgage Capital has a 1-year low of $9.74 and a 1-year high of $16.28. The firm’s market cap is $1.63 billion. The firm has a 50-day moving average of $15.35 and a 200 day moving average of $14.19.
Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Friday, August 5th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Invesco Mortgage Capital had a negative net margin of 34.78% and a positive return on equity of 9.86%. The business had revenue of $79.24 million for the quarter, compared to the consensus estimate of $72.22 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, analysts predict that Invesco Mortgage Capital will post $1.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, September 27th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.95%. Invesco Mortgage Capital’s dividend payout ratio is currently -86.02%.
In other news, insider John Anzalone purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $46,140.00. Following the completion of the acquisition, the insider now directly owns 57,107 shares of the company’s stock, valued at $878,305.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. King purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $15.38 per share, for a total transaction of $76,900.00. Following the acquisition, the chief executive officer now directly owns 114,402 shares of the company’s stock, valued at $1,759,502.76. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in Invesco Mortgage Capital by 60.0% in the second quarter. Acrospire Investment Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 3,000 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Invesco Mortgage Capital during the second quarter worth about $114,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Invesco Mortgage Capital during the second quarter worth about $125,000. Public Employees Retirement System of Ohio raised its stake in Invesco Mortgage Capital by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 9,843 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 493 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in Invesco Mortgage Capital during the second quarter worth about $151,000. Institutional investors and hedge funds own 63.42% of the company’s stock.
Invesco Mortgage Capital Company Profile
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