Somewhat Critical Media Coverage Very Likely to Affect Invesco Mortgage Capital (NYSE:IVR) Share Price
News coverage about Invesco Mortgage Capital (NYSE:IVR) has been trending somewhat negative recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Invesco Mortgage Capital earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Official Price Target Objectives For Invesco Mortgage Capital Inc. (IVR), Dillard’s, Inc. (DDS) – StockNewsMagazine (stocknewsmagazine.com)
- Shares Seesawing on Volume: Invesco Mortgage Capital Inc (IVR) – Sparta Review (spartareview.com)
- $0.78 EPS Expected for Valero Energy Partners LP (VLP); Invesco Mortgage Capital (IVR) Sentiment Is 0.81 (whatsonthorold.com)
- Invesco Mortgage Capital Inc (IVR) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Several brokerages have commented on IVR. Zacks Investment Research downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Wunderlich boosted their target price on Invesco Mortgage Capital from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of Invesco Mortgage Capital in a research note on Thursday, April 6th. Finally, BidaskClub raised Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Invesco Mortgage Capital presently has an average rating of “Hold” and a consensus price target of $16.75.
Invesco Mortgage Capital (NYSE:IVR) traded down 1.7749% during mid-day trading on Thursday, hitting $16.4036. The stock had a trading volume of 273,502 shares. The company’s 50 day moving average price is $16.37 and its 200 day moving average price is $15.56. Invesco Mortgage Capital has a 52 week low of $13.54 and a 52 week high of $17.34. The firm has a market cap of $1.83 billion, a PE ratio of 4.3099 and a beta of 0.81.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The firm had revenue of $86.27 million for the quarter, compared to analyst estimates of $80.90 million. Invesco Mortgage Capital had a return on equity of 9.18% and a net margin of 64.31%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Analysts anticipate that Invesco Mortgage Capital will post $1.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Tuesday, June 27th will be given a $0.40 dividend. The ex-dividend date is Friday, June 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.58%. Invesco Mortgage Capital’s dividend payout ratio is currently 41.78%.
In other news, insider John Anzalone purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average cost of $15.54 per share, for a total transaction of $31,080.00. Following the completion of the transaction, the insider now directly owns 62,107 shares of the company’s stock, valued at approximately $965,142.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.
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Invesco Mortgage Capital Company Profile
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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