According to Zacks, “Invesco Mortgage Capital Inc. is a real estate investment trust focused on financing and servicing residential and commercial mortgage-backed securities and mortgages. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Institutional (NA), Inc., a subsidiary of Invesco Ltd., a leading independent global investment management firm.The firm’s objective is to provide its investors with attractive risk-adjusted returns on the term, primarily through dividends and secondarily through capital appreciation.”
Shares of NYSE IVR opened at $2.18 on Monday. Invesco Mortgage Capital has a 52-week minimum of $2.04 and a 52-week maximum of $4.60. The company has a fifty-day moving average of $2.66 and a 200-day moving average of $2.96. The stock has a market capitalization of $719.13 million, a PE ratio of -4.45 and a beta of 1.22.
Invesco Mortgage Capital (NYSE: RVI – Get a rating) last announced its quarterly results on Wednesday, February 16. The real estate investment trust reported earnings per share of $0.10 for the quarter, meeting analyst consensus estimates of $0.10. Invesco Mortgage Capital posted a negative net margin of 53.19% and a positive return on equity of 16.15%. In the same quarter a year earlier, the company posted earnings per share of $0.10. On average, sell-side analysts expect Invesco Mortgage Capital to post earnings per share of 0.42 for the current fiscal year.
In related news, the President Kevin M. Collins purchased 9,000 shares of the company in a trade dated Wednesday, December 1. The shares were acquired at an average price of $2.96 per share, for a total transaction of $26,640.00. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders hold 0.18% of the company’s shares.
Several institutional investors have recently bought and sold shares of IVR. BlackRock Inc. increased its holdings in Invesco Mortgage Capital by 5.9% during the third quarter. BlackRock Inc. now owns 52,209,154 shares of the real estate investment trust worth $164,460,000 after purchasing an additional 2,926,436 shares last quarter. State Street Corp raised its position in Invesco Mortgage Capital shares by 16.0% in the fourth quarter. State Street Corp now owns 10,416,041 shares of the real estate investment trust worth $28,957,000 after acquiring an additional 1,434,041 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Invesco Mortgage Capital shares by 225.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,411,119 shares of the real estate investment trust valued at $20,603,000 after acquiring an additional 5,130,724 shares in the last quarter. Geode Capital Management LLC increased its position in Invesco Mortgage Capital shares by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 5,129,473 shares of the real estate investment trust worth $14,259,000 after acquiring an additional 218,667 shares last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Invesco Mortgage Capital shares by 18.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,589,751 shares of the real estate investment trust worth $12,760,000 after acquiring an additional 724,058 shares last quarter. Institutional investors and hedge funds own 54.54% of the company’s shares.
About Invesco Mortgage Capital (Get a rating)
Invesco Mortgage Capital, Inc. is a holding company that invests in, finances and manages residential and commercial mortgage-backed securities and mortgage loans. The Company primarily invests in the following: Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS), Non-Agency RMBS, Non-Agency CMBS, Credit Risk Transfer Securities which are debentures issued by government-sponsored enterprises, residential and commercial mortgages, and other real estate-related financing arrangements.
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