Invesco Mortgage Capital Inc. (IVR) Hits New 1-Year High at $15.95
Invesco Mortgage Capital Inc. (NYSE:IVR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.95 and last traded at $15.93, with a volume of 632,500 shares traded. The stock had previously closed at $15.63.
A number of brokerages recently issued reports on IVR. Credit Suisse Group AG restated a “buy” rating on shares of Invesco Mortgage Capital in a report on Tuesday, May 10th. Nomura restated an “in-line” rating and issued a $17.00 target price (up from $16.00) on shares of Invesco Mortgage Capital in a report on Monday, August 8th. Morgan Stanley restated a “hold” rating and issued a $14.00 target price on shares of Invesco Mortgage Capital in a report on Tuesday, May 10th. Barclays PLC lifted their target price 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. Finally, Wells Fargo & Co. upgraded Invesco Mortgage Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.91.
The stock’s market capitalization is $1.78 billion. The stock’s 50 day moving average price is $15.04 and its 200-day moving average price is $13.49.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $79.24 million for the quarter, compared to analyst estimates of $72.22 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Equities analysts forecast that Invesco Mortgage Capital Inc. will post $1.70 EPS for the current year.
In other news, insider John Anzalone acquired 3,000 shares of Invesco Mortgage Capital stock in a transaction on Friday, August 26th. The shares were purchased at an average price of $15.38 per share, with a total value of $46,140.00. Following the acquisition, the insider now owns 57,107 shares in the company, valued at $878,305.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard J. King acquired 5,000 shares of Invesco Mortgage Capital stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $76,900.00. Following the acquisition, the chief executive officer now owns 114,402 shares in the company, valued at approximately $1,759,502.76. The disclosure for this purchase can be found here.
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