Bank of New York Mellon Corp Invests $2.09 Million in Invesco Mortgage Capital Inc $IVR

Key Points

• Bank of New York Mellon acquired 264,202 shares of Invesco Mortgage Capital worth approximately $2.09 million, representing about 0.28% of the mortgage REIT. Institutional investors collectively own 40.54% of the company.
• Analyst sentiment is mixed but leans toward Hold: one analyst rates the stock Buy, two rate it Hold, and one rates it Sell. The consensus price target is $8.38, compared with the stock’s reported price of $7.21.
• Invesco Mortgage Capital reported quarterly EPS of $0.50, matching estimates, while revenue of $30.1 million fell short of expectations. The company also declared a monthly dividend of $0.12 per share, implying a stated 20.0% annualized yield.

Bank of New York Mellon Corp bought a new stake in Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 264,202 shares of the real estate investment trust's stock, valued at approximately $2,087,000. Bank of New York Mellon Corp owned about 0.28% of Invesco Mortgage Capital as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Invesco Mortgage Capital by 4,329.2% during the 1st quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 16,624 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 9.3% in the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust's stock valued at $2,907,000 after purchasing an additional 31,410 shares during the last quarter. Jane Street Group LLC purchased a new position in Invesco Mortgage Capital during the first quarter worth approximately $144,000. Strs Ohio purchased a new position in Invesco Mortgage Capital during the first quarter worth approximately $82,000. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco Mortgage Capital by 63.1% during the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust's stock worth $173,000 after buying an additional 8,553 shares during the last quarter. 40.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research downgraded Invesco Mortgage Capital from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. Weiss Ratings raised shares of Invesco Mortgage Capital from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a report on Saturday. Finally, UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a "neutral" rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $8.38.

Invesco Mortgage Capital Trading Up 0.1%

IVR opened at $7.21 on Tuesday. The stock's 50-day moving average price is $7.59 and its 200 day moving average price is $7.93. Invesco Mortgage Capital Inc has a 12-month low of $7.05 and a 12-month high of $9.50. The firm has a market cap of $776.08 million, a price-to-earnings ratio of 4.87 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting 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 company had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. On average, research analysts forecast that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 20.0%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital's dividend payout ratio (DPR) is presently 97.30%.

Invesco Mortgage Capital Profile

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.

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