Key Points
- CFO Mark William Gregson purchased 1,750 shares on May 5 at $8.03 each for about $14,052.50, a transaction the filing lists as an "∞" increase in his position (he now owns 1,750 shares).
- The company announced a monthly dividend of $0.12 per share (ex-dividend April 27, paid May 14), implying a ~17.9% yield but a very high payout ratio of about 194.6%.
- Invesco Mortgage Capital reported quarterly EPS of $0.55 (matching consensus) but posted revenue of $(15.01)m versus a $39.8m estimate, and analysts hold an average "Hold" rating with a $8.25 consensus target.
Invesco Mortgage Capital Inc (NYSE:IVR - Get Free Report) CFO Mark William Gregson acquired 1,750 shares of Invesco Mortgage Capital stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $8.03 per share, with a total value of $14,052.50. Following the completion of the transaction, the chief financial officer owned 1,750 shares of the company's stock, valued at approximately $14,052.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Invesco Mortgage Capital Trading Up 0.1%
Shares of NYSE IVR opened at $8.03 on Friday. The stock has a 50 day simple moving average of $8.17 and a 200-day simple moving average of $8.27. The company has a market cap of $697.77 million, a PE ratio of 10.84 and a beta of 1.64. Invesco Mortgage Capital Inc has a 12-month low of $7.10 and a 12-month high of $9.50.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The business had revenue of ($15.01) million during the quarter, compared to the consensus estimate of $39.80 million. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%. Sell-side analysts forecast that Invesco Mortgage Capital Inc will post 2.25 earnings per share for the current fiscal year.
Invesco Mortgage Capital Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, April 27th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a c) annualized dividend and a yield of 17.9%. Invesco Mortgage Capital's payout ratio is presently 194.59%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on IVR shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Invesco Mortgage Capital in a report on Friday, May 1st. Wall Street Zen cut Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Finally, Zacks Research cut Invesco Mortgage Capital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.25.
Get Our Latest Stock Report on IVR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust's stock valued at $28,180,000 after buying an additional 50,548 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Invesco Mortgage Capital by 8.5% in the fourth quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust's stock valued at $21,495,000 after buying an additional 199,259 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Invesco Mortgage Capital by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust's stock valued at $14,369,000 after buying an additional 101,303 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Invesco Mortgage Capital by 7.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust's stock valued at $11,674,000 after buying an additional 113,608 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Invesco Mortgage Capital by 1,607.0% in the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust's stock valued at $11,517,000 after buying an additional 1,434,149 shares in the last quarter. Institutional investors own 40.54% of the company's stock.
About Invesco Mortgage Capital
(
Get Free Report)
Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company's portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.
To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.
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