Bank of America Corp DE raised its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) by 190.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410,787 shares of the real estate investment trust's stock after purchasing an additional 269,195 shares during the period. Bank of America Corp DE owned 0.44% of Invesco Mortgage Capital worth $3,319,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Invesco Mortgage Capital by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust's stock valued at $1,467,000 after acquiring an additional 1,476 shares in the last quarter. ProShare Advisors LLC raised its holdings in Invesco Mortgage Capital by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 1,644 shares during the period. Intech Investment Management LLC boosted its holdings in Invesco Mortgage Capital by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust's stock worth $274,000 after buying an additional 1,983 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Invesco Mortgage Capital by 16.8% in the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust's stock worth $110,000 after buying an additional 2,011 shares in the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 2.5% during the 4th quarter. Verition Fund Management LLC now owns 89,700 shares of the real estate investment trust's stock worth $754,000 after purchasing an additional 2,148 shares during the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Mortgage Capital Price Performance
Shares of NYSE IVR opened at $7.35 on Monday. The stock's 50-day moving average is $7.67 and its two-hundred day moving average is $7.99. The company has a market cap of $791.15 million, a price-to-earnings ratio of 4.97 and a beta of 1.60. Invesco Mortgage Capital Inc has a 1-year low of $7.10 and a 1-year high of $9.50.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The business had revenue of $30.10 million during the quarter, compared to analysts' expectations of $46.48 million. Equities research analysts anticipate that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current fiscal year.
Invesco Mortgage Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 19.6%. Invesco Mortgage Capital's dividend payout ratio (DPR) is currently 97.30%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the company a "neutral" rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Zacks Research lowered shares of Invesco Mortgage Capital from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings upgraded Invesco Mortgage Capital from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.38.
View Our Latest Analysis on Invesco Mortgage Capital
About Invesco Mortgage Capital
(
Free Report)
Invesco Mortgage Capital Inc NYSE: IVR is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company's portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.
To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.
Further Reading
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