Invesco Mortgage Capital (NYSE:IVR) CFO Mark William Gregson Buys 1,750 Shares

Key Points

• CFO Mark William Gregson purchased 1,750 shares on May 5 at an average price of $8.03 for a $14,052.50 transaction, disclosed in an SEC filing.
• The company declared a monthly $0.12 dividend (ex-dividend April 27), implying a 17.9% dividend yield and a payout ratio of 194.59%.
• Q1 EPS of $0.55 matched estimates while revenue missed expectations, and analysts hold a consensus "Hold" rating with a $8.25 target price.

Invesco Mortgage Capital Inc (NYSE:IVR - Get Free Report) CFO Mark William Gregson purchased 1,750 shares of Invesco Mortgage Capital stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired 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 $14,052.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Invesco Mortgage Capital Price Performance

Shares of Invesco Mortgage Capital stock traded up $0.01 on Thursday, reaching $8.03. The company had a trading volume of 2,307,766 shares, compared to its average volume of 2,444,059. The firm's 50-day moving average price is $8.18 and its two-hundred day moving average price is $8.26. The firm has a market cap of $697.75 million, a price-to-earnings ratio of 10.84 and a beta of 1.64. Invesco Mortgage Capital Inc has a 1 year low of $7.10 and a 1 year high of $9.50.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The business had revenue of ($15.01) million for the quarter, compared to the consensus estimate of $39.80 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. As a group, analysts anticipate that Invesco Mortgage Capital Inc will post 2.25 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, April 27th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 17.9%. The ex-dividend date of this dividend is Monday, April 27th. Invesco Mortgage Capital's payout ratio is presently 194.59%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Invesco Mortgage Capital by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust's stock valued at $1,467,000 after purchasing an additional 1,476 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Invesco Mortgage Capital by 7.8% in the 4th quarter. 180 Wealth Advisors LLC now owns 20,575 shares of the real estate investment trust's stock valued at $173,000 after buying an additional 1,486 shares during the period. ProShare Advisors LLC grew its holdings in Invesco Mortgage Capital by 14.3% during the 4th quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 1,644 shares in the last quarter. Range Financial Group LLC increased its holdings in Invesco Mortgage Capital by 6.8% in the fourth quarter. Range Financial Group LLC now owns 28,083 shares of the real estate investment trust's stock valued at $236,000 after buying an additional 1,786 shares during the last quarter. Finally, PFG Investments LLC increased its holdings in shares of Invesco Mortgage Capital by 3.1% in the 3rd quarter. PFG Investments LLC now owns 64,310 shares of the real estate investment trust's stock valued at $486,000 after acquiring an additional 1,953 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IVR shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Invesco Mortgage Capital in a research note on Friday, May 1st. Zacks Research lowered Invesco Mortgage Capital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.

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