Invesco Mortgage Capital Inc. Buyback
OLI recorded this information on 12/3/2013
Company:
Invesco Mortgage Capital Inc.
Buyback:
IVR buyback
Share Amount Authorized:
20,000,000.00
Buyback Details:
Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today announced its Board of Directors ("Board") has authorized the Company to repurchase an additional 20 million shares of its common stock with no stated expiration date. During the fourth quarter of 2013, purchases related to the share repurchase program authorized by the Board in December 2011 totaled approximately $102.9 million, representing approximately 6.84 million shares for an average price of $15.02.
Invesco Mortgage Capital is a holding company. Through its subsidiaries, Co. focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Co. invests in the following: residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency or a federally chartered corporation; commercial mortgage-backed securities that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; to-be-announced securities forward contracts; other real estate-related financing arrangements; and U.S. Treasury securities.
IVR SEC Filing Email Alerts Service
Preferreds: IVR.PRA, IVR.PRB, IVR.PRC
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Avg. Broker Rec.
  
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Hold (1.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: IVR Stock Forecast Based on Zacks ABR data; powered by Xignite |
