Invesco Mortgage Capital Inc. (IVR) Hits New 12-Month High at $15.75
Invesco Mortgage Capital Inc. (NYSE:IVR) hit a new 52-week high on Tuesday . The stock traded as high as $15.75 and last traded at $15.73, with a volume of 457,024 shares traded. The stock had previously closed at $15.55.
Several brokerages have recently weighed in on IVR. Zacks Investment Research raised Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, August 9th. Keefe, Bruyette & Woods set a $16.30 target price on Invesco Mortgage Capital and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Barclays PLC upped their target price on Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 9th. Nomura reaffirmed an “in-line” rating and issued a $17.00 target price (up previously from $16.00) on shares of Invesco Mortgage Capital in a research report on Monday, August 8th. Finally, Wells Fargo & Co. raised Invesco Mortgage Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.91.
The stock’s 50 day moving average is $14.84 and its 200 day moving average is $13.40. The stock’s market cap is $1.75 billion.
Invesco Mortgage Capital (NYSE:IVR) last announced 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 Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $79.24 million for the quarter, compared to analysts’ expectations of $72.22 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. Invesco Mortgage Capital’s revenue was down 14.7% on a year-over-year basis. On average, equities analysts expect that Invesco Mortgage Capital Inc. will post $1.70 EPS for the current fiscal year.
In other Invesco Mortgage Capital news, CEO Richard J. King bought 5,000 shares of the stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $15.38 per share, with a total value of $76,900.00. Following the completion of the transaction, the chief executive officer now directly owns 114,402 shares of the company’s stock, valued at approximately $1,759,502.76. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Anzalone bought 3,000 shares of the stock in a transaction on Friday, August 26th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $46,140.00. Following the completion of the transaction, the insider now directly owns 57,107 shares of the company’s stock, valued at $878,305.66. The disclosure for this purchase can be found here.
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