Invesco Mortgage Capital Inc (NYSE:IVR) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.08.
A number of brokerages have recently issued reports on IVR. Credit Suisse Group cut Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $17.74 to $18.00 in a report on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, October 26th.
Shares of Invesco Mortgage Capital (NYSE:IVR) traded down $0.36 during trading hours on Friday, hitting $15.79. The stock had a trading volume of 1,437,955 shares, compared to its average volume of 1,317,115. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital has a 1-year low of $14.56 and a 1-year high of $18.86. The stock has a market cap of $1,802.61, a PE ratio of 4.24 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.64%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. Invesco Mortgage Capital’s payout ratio is presently 45.16%.
In other news, EVP David B. Lyle bought 2,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $16.97 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its holdings in Invesco Mortgage Capital by 5.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 488 shares during the period. ETRADE Capital Management LLC purchased a new position in Invesco Mortgage Capital in the 3rd quarter worth approximately $172,000. Stevens Capital Management LP purchased a new position in Invesco Mortgage Capital in the 3rd quarter worth approximately $204,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Invesco Mortgage Capital in the 3rd quarter worth approximately $213,000. Finally, Principal Financial Group Inc. boosted its holdings in 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 acquiring an additional 462 shares during the period. Hedge funds and other institutional investors own 63.33% of the company’s stock.
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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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