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 Invesco Mortgage Capital stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.01, for a total transaction of $194,873.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

IVR opened at $16.17 on Thursday. The company has a market cap of $2.08 billion, a PE ratio of 9.15 and a beta of 0.72. Invesco Mortgage Capital Inc has a 52-week low of $13.67 and a 52-week high of $16.66.

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

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were paid a $0.45 dividend. 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. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.42.

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

Several large investors have recently modified their holdings of IVR. BlackRock Inc. increased its stake in shares of Invesco Mortgage Capital by 12.6% in the first quarter. BlackRock Inc. now owns 23,160,345 shares of the real estate investment trust’s stock worth $365,934,000 after buying an additional 2,589,879 shares during the last quarter. Norges Bank bought a new stake in shares of Invesco Mortgage Capital in the fourth quarter worth $20,533,000. Renaissance Technologies LLC boosted its holdings in Invesco Mortgage Capital by 128.5% in the first quarter. Renaissance Technologies LLC now owns 1,804,202 shares of the real estate investment trust’s stock worth $28,506,000 after purchasing an additional 1,014,602 shares during the period. Wells Fargo & Company MN boosted its holdings in Invesco Mortgage Capital by 151.3% in the first quarter. Wells Fargo & Company MN now owns 1,399,518 shares of the real estate investment trust’s stock worth $22,112,000 after purchasing an additional 842,595 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in Invesco Mortgage Capital in the fourth quarter worth $42,000. Institutional investors and hedge funds own 58.80% of the company’s stock.

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About Invesco Mortgage Capital

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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