The stock of Invesco Mortgage Capital Inc. (NYSE:IVR) last traded at $13.54, up 2.89% from the previous session.
Data from the available sources indicates that Invesco Mortgage Capital Inc. (NYSE:IVR) is covered by 4 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $11.50, we find $12.00. Given the previous closing price of $13.16, this indicates a potential downside of -8.81 percent. IVR stock price is now 7.55% away from the 50-day moving average and -11.16% away from the 200-day moving average. The market capitalization of the company currently stands at $492.59M.
In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $12.50 as their price target over the next twelve months.
With the price target of $2.75, Jefferies recently initiated with Underperform rating for Invesco Mortgage Capital Inc. (NYSE: IVR). On June 30, 2020, BofA Securities recently initiated its ‘Underperform’ rating on the stock quoting a target price of $2.50, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, LIENTZ JAMES R JR, Director sold 1,630 shares of the company’s stock on Dec 09. The stock was sold for $20,962 at an average price of $12.86. Upon completion of the transaction, the Director now directly owns 11,802 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10, CEO Anzalone John bought 15,000 shares of the business’s stock. A total of $24,750 was incurred on buying the stock at an average price of $1.65. This leaves the insider owning 83,178 shares of the company worth $1.13 million. Insiders disposed of 1,717 shares of company stock worth roughly $23248.18 over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IVR stock. A new stake in Invesco Mortgage Capital Inc. shares was purchased by GRAHAM CAPITAL MANAGEMENT, L.P. during the first quarter worth $2,228,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $1,933,000 in shares of IVR during the first quarter. In the first quarter, BNP PARIBAS ARBITRAGE, SNC acquired a new stake in Invesco Mortgage Capital Inc. valued at approximately $952,000. BANK OF MONTREAL /CAN/ acquired a new stake in IVR for approximately $881,000. REDHAWK WEALTH ADVISORS, INC. purchased a new stake in IVR valued at around $699,000 in the second quarter. In total, there are 196 active investors with 54.40% ownership of the company’s stock.
With an opening price of $13.44 on Wednesday morning, Invesco Mortgage Capital Inc. (NYSE: IVR) set off the trading day. During the past 12 months, Invesco Mortgage Capital Inc. has had a low of $9.60 and a high of $30.20. The fifty day moving average price for IVR is $12.59 and a two-hundred day moving average price translates $15.24 for the stock.
The latest earnings results from Invesco Mortgage Capital Inc. (NYSE: IVR) was released for Jun, 2022. According to the REIT – Mortgage Company, earnings per share came in at $1.4, beating analysts’ expectations of $0.87 by 0.53. This compares to $1.66 EPS in the same period last year. The company reported revenue of $49.73 million for the quarter, compared to $43.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.16 percent. For the current quarter, analysts expect IVR to generate $46.77M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/09/2023 were paid a $0.65 dividend. On an annualized basis, this represents a $2.60 dividend and a 19.20% percent yield. There was an ex-dividend date of 01/06/2023 for this dividend.
Invesco Mortgage Capital Inc.(IVR) Company Profile
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S. government agency or federally chartered corporation; RMBS and CMBS that are not issued or guaranteed by a U.S. government agency or federally chartered corporation; credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; residential and commercial mortgage loans; and other real estate-related financing arrangements. Invesco Mortgage Capital Inc. has elected to be taxed as a REIT and would be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.