Media stories about Invesco Mortgage Capital (NYSE:IVR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Invesco Mortgage Capital earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.6064257053286 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Separately, Credit Suisse Group cut Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $17.74 to $18.00 in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.08.
Invesco Mortgage Capital (NYSE IVR) opened at $15.93 on Wednesday. Invesco Mortgage Capital has a 52-week low of $14.72 and a 52-week high of $18.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market capitalization of $1,780.00, a PE ratio of 5.77 and a beta of 0.70.
Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Invesco Mortgage Capital had a return on equity of 9.56% and a net margin of 56.83%. The business had revenue of $93.04 million during the quarter, compared to analysts’ expectations of $71.20 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis.
In other Invesco Mortgage Capital news, Director Dennis P. Lockhart bought 61,750 shares of Invesco Mortgage Capital stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $988,000.00. Following the completion of the transaction, the director now directly owns 33,427 shares in the company, valued at $534,832. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Lee Jr. Phegley bought 1,750 shares of Invesco Mortgage Capital stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $15.49 per share, with a total value of $27,107.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 65,000 shares of company stock valued at $1,039,273. 0.25% of the stock is owned by company 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.