Shares of Invesco Mortgage Capital Inc (NYSE:IVR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $16.11 and traded as high as $16.43. Invesco Mortgage Capital shares last traded at $16.38, with a volume of 35,242 shares trading hands.
The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.37 and a beta of 0.75. The business’s 50 day moving average is $16.11.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The business had revenue of $74.10 million during the quarter, compared to the consensus estimate of $71.30 million. Invesco Mortgage Capital had a net margin of 1.81% and a return on equity of 12.09%. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 10.95%.
In other Invesco Mortgage Capital news, Director John Day sold 12,172 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.01, for a total value of $194,873.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David B. Lyle acquired 7,232 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $16.04 per share, for a total transaction of $116,001.28. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,364 shares of company stock valued at $134,465. 0.26% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan acquired a new position in Invesco Mortgage Capital in the 4th quarter valued at approximately $584,000. Martingale Asset Management L P increased its stake in shares of Invesco Mortgage Capital by 1,024.9% during the 1st quarter. Martingale Asset Management L P now owns 465,696 shares of the real estate investment trust’s stock worth $7,359,000 after purchasing an additional 424,296 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco Mortgage Capital by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,976,932 shares of the real estate investment trust’s stock worth $28,627,000 after purchasing an additional 43,374 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Invesco Mortgage Capital by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 79,858 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 1,756 shares during the last quarter. Finally, QS Investors LLC increased its stake in shares of Invesco Mortgage Capital by 22,950.8% during the 4th quarter. QS Investors LLC now owns 28,122 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 28,000 shares during the last quarter. Hedge funds and other institutional investors own 69.10% of the company’s stock.
About Invesco Mortgage Capital (NYSE:IVR)
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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