Invesco Mortgage Capital Inc. (IVR) Sees Strong Trading Volume
Invesco Mortgage Capital Inc. (NYSE:IVR) shares saw an uptick in trading volume on Friday . 1,101,588 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 616,135 shares.The stock last traded at $15.36 and had previously closed at $14.90.
Several analysts recently commented on IVR shares. Zacks Investment Research raised Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, June 8th. Nomura raised Invesco Mortgage Capital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $16.00 in a report on Wednesday, May 18th. Wells Fargo & Co. raised Invesco Mortgage Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, May 11th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Invesco Mortgage Capital in a report on Tuesday, May 10th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $14.00 target price on shares of Invesco Mortgage Capital in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Invesco Mortgage Capital currently has an average rating of “Hold” and an average price target of $15.44.
The company’s market cap is $1.73 billion. The company has a 50-day moving average price of $14.13 and a 200 day moving average price of $12.85.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $79.24 million for the quarter, compared to analysts’ expectations of $72.22 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. Analysts forecast that Invesco Mortgage Capital Inc. will post $1.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Monday, June 27th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.33%. The ex-dividend date was Wednesday, June 22nd.
In other Invesco Mortgage Capital news, insider John Anzalone bought 4,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average price of $14.18 per share, for a total transaction of $56,720.00. Following the transaction, the insider now owns 54,107 shares of the company’s stock, valued at approximately $767,237.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Invesco Mortgage Capital stock. California Public Employees Retirement System raised its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 386,600 shares of the real estate investment trust’s stock after buying an additional 10,300 shares during the period. California Public Employees Retirement System owned about 0.32% of Invesco Mortgage Capital worth $4,790,000 as of its most recent filing with the SEC.
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