Invesco Mortgage Capital Inc. (IVR) Stock Rating Reaffirmed by Nomura
Invesco Mortgage Capital Inc. (NYSE:IVR)‘s stock had its “buy” rating reaffirmed by stock analysts at Nomura in a report issued on Tuesday. They currently have a $17.00 price objective on the real estate investment trust’s stock. Nomura’s price objective suggests a potential upside of 15.02% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, July 14th. Keefe, Bruyette & Woods set a $16.30 price objective on Invesco Mortgage Capital and gave the stock a “buy” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reissued a “buy” rating and issued a $16.50 price objective on shares of Invesco Mortgage Capital in a report on Friday, September 9th. Finally, Barclays PLC lifted their price objective on Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.13.
Invesco Mortgage Capital (NYSE:IVR) opened at 14.78 on Tuesday. Invesco Mortgage Capital has a 12-month low of $9.74 and a 12-month high of $16.28. The stock has a 50 day moving average of $14.89 and a 200-day moving average of $14.56. The company has a market cap of $1.65 billion, a PE ratio of 28.64 and a beta of 0.83.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. Invesco Mortgage Capital had a return on equity of 9.82% and a net margin of 13.63%. During the same quarter in the previous year, the business posted $0.40 EPS. On average, equities research analysts anticipate that Invesco Mortgage Capital will post $1.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, September 27th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend was Friday, September 23rd. Invesco Mortgage Capital’s payout ratio is presently 432.44%.
In other Invesco Mortgage Capital news, CEO Richard J. King acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was bought at an average price of $15.38 per share, with a total value of $76,900.00. Following the completion of the acquisition, the chief executive officer now owns 114,402 shares of the company’s stock, valued at $1,759,502.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Anzalone acquired 3,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $15.38 per share, with a total value of $46,140.00. Following the acquisition, the insider now directly owns 57,107 shares of the company’s stock, valued at approximately $878,305.66. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of IVR. Northern Trust Corp raised its position in shares of Invesco Mortgage Capital by 3.4% in the third quarter. Northern Trust Corp now owns 1,297,190 shares of the real estate investment trust’s stock valued at $19,757,000 after buying an additional 42,803 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Invesco Mortgage Capital by 0.9% in the third quarter. California State Teachers Retirement System now owns 238,337 shares of the real estate investment trust’s stock valued at $3,630,000 after buying an additional 2,200 shares during the last quarter. Hancock Holding Co. acquired a new position in shares of Invesco Mortgage Capital during the third quarter valued at approximately $869,000. Advisor Group Inc. raised its position in shares of Invesco Mortgage Capital by 53.2% in the third quarter. Advisor Group Inc. now owns 21,029 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 7,299 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco Mortgage Capital by 74.9% in the third quarter. Ameriprise Financial Inc. now owns 367,552 shares of the real estate investment trust’s stock valued at $5,597,000 after buying an additional 157,447 shares during the last quarter. 63.54% of the stock is owned by institutional investors.
About Invesco Mortgage Capital
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