David B. Lyle Buys 2,000 Shares of Invesco Mortgage Capital Inc (IVR) Stock
Invesco Mortgage Capital Inc (NYSE:IVR) EVP David B. Lyle bought 2,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the purchase, the executive vice president now directly owns 17,268 shares in the company, valued at $293,037.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Invesco Mortgage Capital Inc (NYSE IVR) traded up $0.07 during mid-day trading on Wednesday, hitting $16.99. The stock had a trading volume of 1,059,800 shares, compared to its average volume of 837,190. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $18.02. The firm has a market cap of $1,888.55, a PE ratio of 10.51 and a beta of 0.87. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.86.
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 (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The company had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. During the same period last year, the firm earned $0.41 EPS. The firm’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. Stockholders of record on Wednesday, September 27th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 26th. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 9.65%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 44.09%.
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Several analysts have weighed in on IVR shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a research note on Thursday, August 10th. BidaskClub raised Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Invesco Mortgage Capital currently has an average rating of “Buy” and a consensus price target of $18.13.
Several hedge funds have recently modified their holdings of the company. US Bancorp DE increased its position in shares of Invesco Mortgage Capital by 0.3% during the 2nd quarter. US Bancorp DE now owns 17,866 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 58 shares during the period. Amalgamated Bank increased its position in shares of Invesco Mortgage Capital by 1.1% during the 2nd quarter. Amalgamated Bank now owns 14,313 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 155 shares during the period. IFP Advisors Inc grew its holdings in shares of Invesco Mortgage Capital by 2.8% in the 2nd quarter. IFP Advisors Inc now owns 14,952 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 411 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of 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 last quarter. Institutional investors own 63.55% of the company’s stock.
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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