Invesco Mortgage Capital Inc (IVR) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $79.24 million in the period, compared to analysts expectations of $72.47 million. The company’s revenue was down -14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Invesco Mortgage Capital Inc. Nomura Upgraded Invesco Mortgage Capital Inc on May 18, 2016 to ” Buy”, Price Target of the shares are set at $16.Invesco Mortgage Capital Inc was Upgraded by Wells Fargo to ” Market Perform” on May 11, 2016.
Invesco Mortgage Capital Inc closed down -0.05 points or -0.35% at $14.42 with 7,92,556 shares getting traded on Tusday. Post opening the session at $14.42, the shares hit an intraday low of $14.34 and an intraday high of $14.495 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 19, 2016, John Anzalone (CIO) purchased 4,000 shares at $14.18 per share price. According to the SEC, on Mar 15, 2016, Richard J. King (CEO) purchased 2,000 shares at $12.19 per share price. On Nov 13, 2015, Richard Lee Jr. Phegley (CFO) purchased 1,853 shares at $12.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS) RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS) credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT) commercial mortgage-backed securities (CMBS) residential and commercial mortgage loans and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers Inc.