Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Invesco Mortgage Capital (IVR) Share Price
News articles about Invesco Mortgage Capital (NYSE:IVR) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Invesco Mortgage Capital earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5443718780977 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Notable News Buzz: Intuit Inc., (NASDAQ: INTU), AXT, Inc., (NASDAQ: AXTI), Invesco Mortgage Capital Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- VEON Ltd., (NASDAQ: VEON), Vericel Corporation, (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
- Remarkable stock: Invesco Mortgage Capital Inc. (NYSE:IVR) a REIT – Diversified Company – The Stock Street (press release) (thestreetpoint.com)
- Sector Volume Actives: Invesco Mortgage Capital Inc. (NYSE:IVR) a REIT – Diversified Company – The Stock Street (press release) (thestreetpoint.com)
A number of brokerages have recently issued reports on IVR. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 price target on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. BidaskClub raised Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.13.
Invesco Mortgage Capital (NYSE IVR) traded down $0.15 during midday trading on Friday, reaching $18.02. The company’s stock had a trading volume of 1,480,000 shares, compared to its average volume of 2,011,912. The firm has a market capitalization of $2,011.34, a price-to-earnings ratio of 11.19 and a beta of 0.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01. Invesco Mortgage Capital has a one year low of $14.15 and a one year high of $18.23.
Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a return on equity of 9.59% and a net margin of 45.22%. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis.
In other Invesco Mortgage Capital news, EVP David B. Lyle bought 2,000 shares of Invesco Mortgage Capital stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $16.97 per share, for a total transaction of $33,940.00. Following the completion of the transaction, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at $293,037.96. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is owned by insiders.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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