Richard Lee Jr. Phegley Purchases 12,092 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR) Stock

Invesco Mortgage Capital Inc. (NYSE:IVR – Get Rating) CFO Richard Lee Jr. Phegley bought 12,092 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $1.67 per share, for a total transaction of $20,193.64. Following the purchase, the chief financial officer now owns 28,316 shares of the company’s stock, valued at approximately $47,287.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Invesco Mortgage Capital stock opened at $1.75 on Friday. Invesco Mortgage Capital Inc. has a twelve month low of $1.57 and a twelve month high of $4.60. The stock has a market cap of $577.36 million, a price-to-earnings ratio of -1.56 and a beta of 1.32. The company’s fifty day moving average is $2.02 and its 200 day moving average is $2.54.

Shares of Invesco Mortgage Capital are going to reverse split on Monday, June 6th. The 1-10 reverse split was announced on Monday, June 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 6th.

Invesco Mortgage Capital (NYSE:IVR – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Invesco Mortgage Capital had a negative net margin of 180.40% and a positive return on equity of 18.25%. During the same period last year, the business earned $0.11 EPS. As a group, equities research analysts anticipate that Invesco Mortgage Capital Inc. will post 0.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 27th. Investors of record on Friday, April 8th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $0.36 annualized dividend and a yield of 20.57%. Invesco Mortgage Capital’s payout ratio is -32.14%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Invesco Mortgage Capital by 7.1% in the first quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust’s stock valued at $126,578,000 after buying an additional 3,700,042 shares during the period. Vanguard Group Inc. raised its holdings in shares of Invesco Mortgage Capital by 18.5% during the first quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust’s stock valued at $89,067,000 after purchasing an additional 6,089,233 shares during the period. State Street Corp raised its holdings in shares of Invesco Mortgage Capital by 16.0% during the fourth quarter. State Street Corp now owns 10,416,041 shares of the real estate investment trust’s stock valued at $28,957,000 after purchasing an additional 1,434,041 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invesco Mortgage Capital by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,927,575 shares of the real estate investment trust’s stock valued at $22,635,000 after purchasing an additional 2,516,456 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Invesco Mortgage Capital by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 5,129,473 shares of the real estate investment trust’s stock valued at $14,259,000 after purchasing an additional 218,667 shares during the period. Institutional investors and hedge funds own 53.13% of the company’s stock.

IVR has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Invesco Mortgage Capital in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Barclays reduced their price objective on shares of Invesco Mortgage Capital from $3.00 to $2.00 in a research note on Wednesday, April 27th. Credit Suisse Group reduced their price objective on shares of Invesco Mortgage Capital from $3.00 to $2.30 and set an “underperform” rating on the stock in a research note on Thursday, March 10th. Finally, Zacks Investment Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Monday, February 28th.

Invesco Mortgage Capital Company Profile (Get Rating)

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing 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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