Invesco Mortgage Capital Inc (NYSE:IVR) EVP David B. Lyle bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $16.97 per share, with a total value of $33,940.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website.
Shares of Invesco Mortgage Capital Inc (NYSE IVR) traded up $0.03 during trading hours on Thursday, reaching $17.02. 1,365,600 shares of the company’s stock traded hands, compared to its average volume of 839,581. 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 Inc has a twelve month low of $14.15 and a twelve month high of $18.02. The stock has a market capitalization of $1,920.00, a P/E ratio of 10.55 and a beta of 0.87.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the 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 business had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th were issued a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 26th. This represents a $1.64 annualized dividend and a yield of 9.64%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. Invesco Mortgage Capital’s payout ratio is currently 51.57%.
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Large investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its holdings in shares of Invesco Mortgage Capital by 8.1% in the third quarter. California Public Employees Retirement System now owns 441,923 shares of the real estate investment trust’s stock worth $7,570,000 after buying an additional 33,223 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Invesco Mortgage Capital by 17.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 150,538 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 22,844 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Invesco Mortgage Capital by 90.3% in the third quarter. Cubist Systematic Strategies LLC now owns 35,625 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 16,908 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco Mortgage Capital in the third quarter worth $1,295,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Invesco Mortgage Capital by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 500,460 shares of the real estate investment trust’s stock worth $8,573,000 after buying an additional 55,832 shares in the last quarter. 63.55% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on IVR shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. BidaskClub downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently 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.
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