Headlines about Invesco Mortgage Capital (NYSE:IVR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.5099937847721 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
Separately, Credit Suisse Group downgraded Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their target price for the company from $17.74 to $18.00 in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.08.
Shares of Invesco Mortgage Capital (NYSE:IVR) opened at $16.11 on Monday. The firm has a market capitalization of $1,798.27, a PE ratio of 5.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. Invesco Mortgage Capital has a 12-month low of $14.76 and a 12-month high of $18.86.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $93.04 million for the quarter, compared to the consensus estimate of $71.20 million. Invesco Mortgage Capital had a return on equity of 9.56% and a net margin of 56.83%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS.
In related news, CFO Richard Lee Jr. Phegley purchased 1,750 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $15.49 per share, with a total value of $27,107.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis P. Lockhart purchased 61,750 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought 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 approximately $534,832. The disclosure for this purchase can be found here. Insiders have acquired a total of 65,000 shares of company stock worth $1,039,273 over the last ninety days. 0.25% of the stock is owned by insiders.
Invesco Mortgage Capital Company Profile
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.