News headlines about Invesco Mortgage Capital (NYSE:IVR) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco Mortgage Capital earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.9934630256099 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, Keefe, Bruyette & Woods restated a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.13.
Shares of Invesco Mortgage Capital (NYSE:IVR) opened at $17.59 on Friday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital has a fifty-two week low of $14.15 and a fifty-two week high of $18.86. The stock has a market cap of $1,960.00, a P/E ratio of 5.53 and a beta of 0.86.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year.
The firm also recently disclosed 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 an increase 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 9.55%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 52.83%.
In other Invesco Mortgage Capital news, EVP David B. Lyle acquired 2,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the completion of the acquisition, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at $293,037.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.
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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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