Invesco Mortgage Capital Inc. (NYSE: IVR – Get Rating) Chief Financial Officer Richard Lee Jr. Phegley bought 12,092 shares of the company in a transaction on Monday, May 9. The shares were acquired at an average price of $1.67 per share, with a total value of $20,193.64. Following the completion of the purchase, the CFO now directly owns 28,316 shares of the company, valued at $47,287.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
NYSE IVR opened at $1.66 on Friday. Invesco Mortgage Capital Inc. has a 12-month low of $1.57 and a 12-month high of $4.60. The stock has a fifty-day simple moving average of $2.02 and a 200-day simple moving average of $2.55.
Shares of Invesco Mortgage Capital will reverse split on Monday, June 6. The reverse 1-10 split was announced on Monday, June 6. The number of shares held by shareholders will be adjusted after market close on Monday, June 6.
Invesco Mortgage Capital (NYSE:IVR – Get Rating) last released quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.12 for the quarter, beating consensus analyst estimates of $0.09 by $0.03. Invesco Mortgage Capital posted a positive return on equity of 18.25% and a negative net margin of 180.40%. In the same period a year earlier, the company had earned earnings per share of $0.11. On average, sell-side analysts expect Invesco Mortgage Capital Inc. to post EPS of 0.35 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 27. Investors of record on Friday, April 8 received a dividend of $0.09. The ex-dividend date was Thursday, April 7. This represents a dividend of $0.36 on an annualized basis and a yield of 21.69%. Invesco Mortgage Capital’s payout ratio is -32.14%.
A number of hedge funds and other institutional investors have been buying and selling stocks recently. BlackRock Inc. increased its stake in Invesco Mortgage Capital by 7.1% in the first quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust valued at $126,578,000 after purchasing an additional 3,700,042 shares during the period. State Street Corp increased its holdings in Invesco Mortgage Capital by 16.0% during the fourth quarter. State Street Corp now owns 10,416,041 shares of the real estate investment trust worth $28,957,000 after acquiring an additional 1,434,041 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Invesco Mortgage Capital by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,927,575 shares of the real estate investment trust worth $22,635,000 after acquiring an additional 2,516,456 shares during the period. Geode Capital Management LLC increased its stake in Invesco Mortgage Capital by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 5,129,473 shares of the real estate investment trust worth $14,259,000 after acquiring an additional 218,667 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Invesco Mortgage Capital by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,589,751 shares of the real estate investment trust worth $12,760,000 after acquiring an additional 724,058 shares during the period. Institutional investors and hedge funds hold 53.13% of the company’s shares.
A number of research analysts have recently commented on IVR shares. StockNews.com began covering Invesco Mortgage Capital in a research note on Thursday, March 31. They issued a “sell” rating for the company. Barclays lowered its price target on Invesco Mortgage Capital from $3.00 to $2.00 in a Wednesday April 27 research note. Credit Suisse Group lowered its price target on Invesco Mortgage Capital from $3.00 to $2.30 and set an “underperform” rating for the company in a Thursday, March 10 research note. Finally, Zacks Investment Research upgraded Invesco Mortgage Capital from a “hold” to a “sell” rating in a Monday, Feb. 28 research note.
Invesco Mortgage Capital Company Profile (Get an assessment)
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) primarily focused on investing, funding and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) which are secured by a
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