Director of Invesco Mortgage Capital Inc. (NYSE: IVR) acquires $ 10,096.32 in shares
Invesco Mortgage Capital Inc. (NYSE: IVR) director Beth Zayicek purchased 3,236 shares of the company in a transaction that took place on Thursday, December 9. The stock was purchased at an average price of $ 3.12 per share, for a total transaction of $ 10,096.32. The purchase was disclosed in a file with the Securities & Exchange Commission, which is available at this link.
Invesco Mortgage Capital stock traded down $ 0.08 in Friday’s session, reaching $ 3.03. The company had a trade volume of 4,875,355 shares, compared to an average volume of 8,616,340. The company’s 50-day simple moving average is $ 3.17 and its 200-day simple moving average is $ 3.33. The company has a market cap of $ 944.58 million, a price-to-earnings ratio of 9.42 and a beta of 1.30. Invesco Mortgage Capital Inc. has a 52 week low of $ 2.93 and a 52 week high of $ 4.60.
Invesco Mortgage Capital (NYSE: IVR) last released its quarterly results on Wednesday, November 3. The REIT reported EPS of $ 0.10 for the quarter, beating the Zacks’ consensus estimate by $ 0.09 by $ 0.01. Invesco Mortgage Capital recorded a return on equity of 15.62% and a net margin of 60.02%. In the same quarter of the previous year, the company achieved EPS of $ 0.06. On average, sell-side analysts predict that Invesco Mortgage Capital Inc. will post 0.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 26. Shareholders of record on Tuesday, October 12, received a dividend of $ 0.09 per share. The ex-dividend date of this dividend was Friday October 8. This represents a dividend of $ 0.36 on an annualized basis and a return of 11.88%. Invesco Mortgage Capital’s dividend payout ratio is currently 109.09%.
Large investors have recently bought and sold shares in the company. IFP Advisors Inc increased its holdings in Invesco Mortgage Capital by 75.0% during the second quarter. IFP Advisors Inc now owns 7,000 shares of the REIT valued at $ 27,000 after acquiring an additional 3,000 shares during the period. Natixis purchased a new stake in Invesco Mortgage Capital during the second quarter for a value of approximately $ 39,000. Gotham Asset Management LLC purchased a new stake in Invesco Mortgage Capital during the third quarter valued at approximately $ 33,000. Ellevest Inc. purchased a new equity interest in Invesco Mortgage Capital shares in the third quarter valued at approximately $ 34,000. Finally, Veriti Management LLC purchased a new equity interest in Invesco Mortgage Capital in the second quarter valued at approximately $ 42,000. 54.57% of the shares are currently held by institutional investors and hedge funds.
In addition, Zacks Investment Research reduced Invesco Mortgage Capital from a “buy” rating to a “custody” rating in a report released Thursday.
About Invesco Mortgage Capital
Invesco Mortgage Capital, Inc. is a holding company that invests, finances and manages residential and commercial mortgage-backed securities and mortgage loans. The Company invests primarily in the following securities: Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS), Agency Free RMBS, Agency Free CMBS, Credit Risk Transfer Securities which are unsecured bonds issued by government funded companies, residential and commercial mortgages and other financing arrangements related to real estate.
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