Invesco Mortgage Capital Inc (IVR) Sees Strong Trading Volume
Invesco Mortgage Capital Inc (NYSE:IVR) saw unusually-strong trading volume on Monday . Approximately 5,224,437 shares were traded during mid-day trading, an increase of 506% from the previous session’s volume of 861,932 shares.The stock last traded at $18.02 and had previously closed at $17.36.
Several equities research analysts have weighed in on IVR shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. BidaskClub cut Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.13.
The company has a market capitalization of $2,020.00, a P/E ratio of 11.19 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 released its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Wednesday, September 27th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date was Tuesday, September 26th. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 51.57%.
In related news, EVP David B. Lyle acquired 2,000 shares of Invesco Mortgage Capital stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $16.97 per share, with a total value of $33,940.00. Following the transaction, the executive vice president now directly owns 17,268 shares in the company, valued at $293,037.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Invesco Mortgage Capital by 10.7% during the 3rd quarter. GSA Capital Partners LLP now owns 83,266 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 8,076 shares in the last quarter. California Public Employees Retirement System increased its position in Invesco Mortgage Capital by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 441,923 shares of the real estate investment trust’s stock valued at $7,570,000 after buying an additional 33,223 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Invesco Mortgage Capital by 17.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 150,538 shares of the real estate investment trust’s stock valued at $2,577,000 after buying an additional 22,844 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Invesco Mortgage Capital by 90.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 35,625 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 16,908 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Invesco Mortgage Capital during the 3rd quarter valued at approximately $1,295,000. 65.77% of the stock is owned by institutional investors.
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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