Shares of Invesco Mortgage Capital Inc. (NYSE: IVR – Get Rating) are expected to consolidate before the market opens on Monday, June 6. The reverse 1-10 split was announced on Monday, June 6. The number of shares held by shareholders will be adjusted after the closing bell on Monday June 6.
IVR stock opened at $1.71 on Friday. The company has a 50-day moving average of $1.96 and a 200-day moving average of $2.48. The stock has a market capitalization of $564.16 million, a PE ratio of -1.53 and a beta of 1.32. Invesco Mortgage Capital has a 52-week minimum of $1.57 and a 52-week maximum of $4.60.
Invesco Mortgage Capital (NYSE:IVR – Get Rating) last reported results on Wednesday, May 4. The real estate investment trust reported EPS of $0.12 for the quarter, beating analyst consensus estimates of $0.09 by $0.03. Invesco Mortgage Capital posted a negative net margin of 180.40% and a positive return on equity of 18.25%. In the same period a year earlier, the company posted earnings per share of $0.11. Sell-side analysts expect Invesco Mortgage Capital to post earnings per share of 0.38 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 27. Shareholders of record on Friday, April 8 received a dividend of $0.09 per share. This represents an annualized dividend of $0.36 and a yield of 21.05%. The ex-dividend date was Thursday, April 7. Invesco Mortgage Capital’s payout ratio is -32.14%.
IVR has been the subject of several research reports. Zacks Investment Research upgraded shares of Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a price target of $2.00 for the company in a research note on Thursday. Credit Suisse Group lowered its price target on Invesco Mortgage Capital shares from $3.00 to $2.30 and set an “underperform” rating for the company in a Thursday 10 research note. March. Barclays lowered its price target on Invesco Mortgage Capital shares from $3.00 to $2.00 in a report on Wednesday, April 27. Finally, StockNews.com launched coverage on Invesco Mortgage Capital stocks in a Thursday, March 31 research report. They put a “sell” mark on the stock.
Major investors have recently been buying and selling shares of the company. 180 Wealth Advisors LLC bought a new position in Invesco Mortgage Capital in Q4, valued at around $26,000. Gotham Asset Management LLC acquired a new stake in Invesco Mortgage Capital in Q3 for approximately $33,000. GHP Investment Advisors Inc. acquired a new stake in Invesco Mortgage Capital in Q4 worth approximately $31,000. Running Point Capital Advisors LLC acquired a new stake in Invesco Mortgage Capital in Q1 worth approximately $25,000. Finally, Sage Rhino Capital LLC acquired a new stake in Invesco Mortgage Capital in Q4 worth approximately $31,000. Hedge funds and other institutional investors own 53.13% of the company’s shares.
About Invesco Mortgage Capital (Get an evaluation)
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) primarily focused on investing, funding and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) which are secured by a
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