Invesco Mortgage Capital (NYSE:IVR) CFO Buys $14,052.50 in Stock

Invesco Mortgage Capital Inc (NYSE:IVR) CFO Mark William Gregson acquired 1,750 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was purchased at an average price of $8.03 per share, for a total transaction of $14,052.50. Following the transaction, the chief financial officer directly 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 Securities & Exchange Commission, which is available at this link.

Invesco Mortgage Capital Trading Up 2.6%

IVR stock opened at $8.24 on Friday. The firm’s 50-day moving average price is $8.17 and its two-hundred day moving average price is $8.27. Invesco Mortgage Capital Inc has a 12-month low of $7.10 and a 12-month high of $9.50. The stock has a market capitalization of $764.40 million, a price-to-earnings ratio of 11.13 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. The firm had revenue of ($15.01) million for the quarter, compared to analysts’ expectations of $39.80 million. Equities analysts predict that Invesco Mortgage Capital Inc will post 2.25 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 27th will be given a $0.12 dividend. The ex-dividend date is Monday, April 27th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. Invesco Mortgage Capital’s payout ratio is presently 194.59%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several hedge funds and other institutional investors have recently modified their holdings of IVR. Jones Financial Companies Lllp increased its position in shares of Invesco Mortgage Capital by 4,329.2% during the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock valued at $2,907,000 after buying an additional 31,410 shares during the period. Jane Street Group LLC bought a new stake in Invesco Mortgage Capital during the first quarter worth about $144,000. Strs Ohio bought a new stake in Invesco Mortgage Capital during the first quarter worth about $82,000. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco Mortgage Capital by 63.1% during the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 8,553 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IVR shares. Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Invesco Mortgage Capital in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Company Profile

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.