Mark William Gregson Purchases 1,750 Shares of Invesco Mortgage Capital (NYSE:IVR) Stock

Invesco Mortgage Capital Inc (NYSE:IVR) CFO Mark William Gregson purchased 1,750 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average price of $8.03 per share, with a total value of $14,052.50. Following the purchase, the chief financial officer directly owned 1,750 shares in the company, valued at $14,052.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock opened at $8.24 on Friday. Invesco Mortgage Capital Inc has a 52-week low of $7.10 and a 52-week high of $9.50. The firm has a market capitalization of $764.37 million, a PE ratio of 11.13 and a beta of 1.64. The stock has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $8.27.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.The business had revenue of ($15.01) million during the quarter, compared to analyst estimates of $39.80 million. On average, sell-side analysts forecast that Invesco Mortgage Capital Inc will post 2.25 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, April 27th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, April 27th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 194.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Invesco Mortgage Capital in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Mortgage Capital by 3,282.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Invesco Mortgage Capital in the fourth quarter worth about $28,000. Kestra Advisory Services LLC bought a new stake in Invesco Mortgage Capital in the fourth quarter worth about $33,000. Caption Management LLC bought a new stake in Invesco Mortgage Capital in the fourth quarter worth about $43,000. Finally, Comerica Bank lifted its stake in Invesco Mortgage Capital by 1,722.1% in the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,839 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.