Insider Selling: Invesco Mortgage Capital Inc (IVR) Director Sells 12,172 Shares of Stock

Invesco Mortgage Capital Inc (NYSE:IVR) Director John Day sold 12,172 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.01, for a total transaction of $194,873.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

IVR stock traded up $0.15 during trading on Tuesday, hitting $16.17. The company had a trading volume of 909,228 shares, compared to its average volume of 1,286,573. Invesco Mortgage Capital Inc has a 52-week low of $13.67 and a 52-week high of $16.66. The company has a market capitalization of $2.09 billion, a PE ratio of 9.21 and a beta of 0.72.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Invesco Mortgage Capital had a net margin of 1.81% and a return on equity of 12.09%. The company had revenue of $74.10 million for the quarter, compared to analysts’ expectations of $71.30 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was down 12.9% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, March 29th were issued a $0.45 dividend. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date of this dividend was Thursday, March 28th.

Separately, Barclays reaffirmed a “hold” rating and issued a $15.00 price target on shares of Invesco Mortgage Capital in a research note on Sunday, February 24th.

Several large investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in shares of Invesco Mortgage Capital by 40.3% in the 1st quarter. Riverhead Capital Management LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 2,500 shares during the last quarter. Neuburgh Advisers LLC raised its position in shares of Invesco Mortgage Capital by 40.9% in the 1st quarter. Neuburgh Advisers LLC now owns 16,864 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 4,896 shares during the last quarter. Burney Co. boosted its holdings in shares of Invesco Mortgage Capital by 15.2% in the first quarter. Burney Co. now owns 95,949 shares of the real estate investment trust’s stock valued at $1,516,000 after acquiring an additional 12,633 shares during the period. Tyers Asset Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 40.9% in the first quarter. Tyers Asset Management LLC now owns 10,912 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 3,168 shares during the period. Finally, Alphasimplex Group LLC acquired a new stake in shares of Invesco Mortgage Capital in the first quarter valued at approximately $629,000. Institutional investors and hedge funds own 58.54% of the company’s stock.

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Invesco Mortgage Capital Company Profile

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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