Headlines about Invesco Mortgage Capital (NYSE:IVR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Invesco Mortgage Capital earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.8537897065571 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Invesco Mortgage Capital (NYSE IVR) traded down $0.19 during trading on Tuesday, reaching $17.64. The company’s stock had a trading volume of 1,415,460 shares, compared to its average volume of 1,143,800. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market cap of $1,970.00, a PE ratio of 5.55 and a beta of 0.86. Invesco Mortgage Capital has a 12-month low of $14.15 and a 12-month high of $18.86.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm 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 company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.52%. Invesco Mortgage Capital’s dividend payout ratio is presently 52.83%.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.13.
In related news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $16.97 per share, with a total value of $33,940.00. Following the acquisition, the executive vice president now owns 17,268 shares in the company, valued at approximately $293,037.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.
Invesco Mortgage Capital Company Profile
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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