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

Invesco Mortgage Capital Inc (NYSE:IVR) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.13.

IVR has been the topic of several research analyst reports. BidaskClub lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a research note on Thursday, August 10th.

Invesco Mortgage Capital (NYSE IVR) traded up $0.07 during trading hours on Monday, hitting $17.36. 969,681 shares of the stock were exchanged, compared to its average volume of 842,355. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. Invesco Mortgage Capital has a 12 month low of $14.15 and a 12 month high of $18.02. The company has a market cap of $1,920.00, a price-to-earnings ratio of 10.55 and a beta of 0.87.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The business had revenue of $68.20 million for the quarter, compared to analyst estimates of $68.85 million. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. Invesco Mortgage Capital’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Wednesday, September 27th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 26th. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 9.45%. Invesco Mortgage Capital’s dividend payout ratio is currently 51.57%.

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In other Invesco Mortgage Capital news, EVP David B. Lyle acquired 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased 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 owns 17,268 shares of the company’s stock, valued at $293,037.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake 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 valued at $7,570,000 after buying an additional 33,223 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake 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 valued at $2,577,000 after buying an additional 22,844 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake 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 valued at $610,000 after buying an additional 16,908 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Invesco Mortgage Capital in the third quarter valued at $1,295,000. Finally, Allianz Asset Management GmbH lifted its stake 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 valued at $8,573,000 after buying an additional 55,832 shares in the last quarter. 63.55% of the stock is currently owned by hedge funds and other institutional investors.

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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