Insider Buying: Invesco Mortgage Capital (NYSE:IVR) CFO Purchases 1,750 Shares of Stock

Invesco Mortgage Capital Inc (NYSE:IVR) CFO Mark William Gregson bought 1,750 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $8.03 per share, with a total value of $14,052.50. Following the purchase, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $14,052.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Invesco Mortgage Capital Stock Performance

IVR traded up $0.01 during trading on Thursday, hitting $8.03. The stock had a trading volume of 2,307,766 shares, compared to its average volume of 2,444,059. The firm has a market capitalization of $697.75 million, a P/E ratio of 10.84 and a beta of 1.64. The company’s 50-day moving average price is $8.18 and its 200 day moving average price is $8.26. Invesco Mortgage Capital Inc has a twelve month low of $7.10 and a twelve month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of ($15.01) million during 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, equities analysts expect that Invesco Mortgage Capital Inc will post 2.25 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, April 27th will be given a $0.12 dividend. The ex-dividend date is Monday, April 27th. This represents a c) dividend on an annualized basis and a yield of 17.9%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 194.59%.

Wall Street Analyst Weigh In

A number of research firms have commented on IVR. Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invesco Mortgage Capital in a report on Friday, May 1st. Finally, Zacks Research downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.25.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently modified their holdings of IVR. Jones Financial Companies Lllp raised its stake in shares of Invesco Mortgage Capital by 4,329.2% during the 1st quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 16,624 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco Mortgage Capital by 9.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after buying an additional 31,410 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco Mortgage Capital during the 1st quarter worth $144,000. Strs Ohio acquired a new position in shares of Invesco Mortgage Capital during the 1st quarter worth $82,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Mortgage Capital by 63.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 8,553 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

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.