Connor Clark & Lunn Investment Management Ltd. Takes $803,000 Position in Invesco Mortgage Capital Inc $IVR

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 101,822 shares of the real estate investment trust's stock, valued at approximately $803,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of Invesco Mortgage Capital as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Invesco Mortgage Capital by 2.7% in the 1st quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust's stock valued at $685,000 after acquiring an additional 2,260 shares during the period. Deutsche Bank AG increased its position in shares of Invesco Mortgage Capital by 76.2% during the fourth quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock valued at $373,000 after buying an additional 20,038 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Invesco Mortgage Capital during the first quarter valued at about $3,244,000. Bank of America Corp DE increased its position in shares of Invesco Mortgage Capital by 32.3% during the fourth quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust's stock valued at $491,000 after buying an additional 14,897 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Invesco Mortgage Capital by 19.6% during the fourth quarter. Cetera Investment Advisers now owns 127,088 shares of the real estate investment trust's stock valued at $1,023,000 after buying an additional 20,788 shares during the period. 40.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on IVR. Wall Street Zen lowered Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Friday, May 9th. UBS Group boosted their price objective on Invesco Mortgage Capital from $6.50 to $7.25 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Zacks Research raised Invesco Mortgage Capital to a "hold" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Invesco Mortgage Capital currently has an average rating of "Hold" and an average target price of $7.25.

Invesco Mortgage Capital Stock Performance

IVR traded up $0.1850 during midday trading on Friday, hitting $7.7650. The stock had a trading volume of 534,580 shares, compared to its average volume of 1,664,091. The company has a market cap of $514.90 million, a P/E ratio of 19.44 and a beta of 1.70. The business has a fifty day moving average of $7.66 and a 200 day moving average of $7.77. Invesco Mortgage Capital Inc has a 1 year low of $5.86 and a 1 year high of $9.42.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $17.73 million during the quarter, compared to analyst estimates of $45.93 million. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%. On average, equities research analysts anticipate that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.5%. The ex-dividend date of this dividend was Monday, July 7th. Invesco Mortgage Capital's dividend payout ratio is 340.00%.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.