Invesco Ltd. Grows Holdings in INVESCO MORTGAGE CAPITAL INC $IVR

Key Points

• Invesco Ltd. has increased its stake in Invesco Mortgage Capital to 2,363,174 shares, worth approximately $18.65 million, marking a 1.6% increase during the first quarter.
• Analysts have set a consensus price target of $7.25 for Invesco Mortgage Capital, with ratings ranging from "hold" to "sell" among various equity research firms.
• The company recently announced a quarterly dividend of $0.34 per share, resulting in an annualized yield of 17.9%, despite a high dividend payout ratio of 340%.

Invesco Ltd. lifted its stake in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,363,174 shares of the real estate investment trust's stock after buying an additional 38,354 shares during the period. Invesco Ltd. owned approximately 3.58% of INVESCO MORTGAGE CAPITAL worth $18,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of INVESCO MORTGAGE CAPITAL during the first quarter worth $803,000. Wolverine Asset Management LLC acquired a new stake in shares of INVESCO MORTGAGE CAPITAL during the first quarter worth $3,244,000. Swiss National Bank lifted its stake in shares of INVESCO MORTGAGE CAPITAL by 9.2% during the first quarter. Swiss National Bank now owns 117,701 shares of the real estate investment trust's stock worth $929,000 after buying an additional 9,900 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of INVESCO MORTGAGE CAPITAL by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 505,059 shares of the real estate investment trust's stock worth $3,985,000 after buying an additional 31,382 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of INVESCO MORTGAGE CAPITAL by 7.5% during the first quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust's stock worth $27,091,000 after buying an additional 239,579 shares during the period. 40.54% of the stock is currently owned by institutional investors and hedge funds.

INVESCO MORTGAGE CAPITAL Trading Down 0.3%

IVR traded down $0.03 on Wednesday, reaching $7.75. The stock had a trading volume of 784,891 shares, compared to its average volume of 1,167,933. INVESCO MORTGAGE CAPITAL INC has a 12-month low of $5.86 and a 12-month high of $9.42. The business's 50-day moving average price is $7.67 and its two-hundred day moving average price is $7.75. The company has a market cap of $514.17 million, a P/E ratio of 19.39 and a beta of 1.70.

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. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. The company had revenue of $17.73 million during the quarter, compared to analysts' expectations of $45.93 million. As a group, analysts predict that INVESCO MORTGAGE CAPITAL INC will post 2.49 earnings per share for the current year.

INVESCO MORTGAGE CAPITAL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.36 dividend on an annualized basis and a yield of 17.5%. INVESCO MORTGAGE CAPITAL's payout ratio is presently 340.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IVR. Wall Street Zen downgraded shares of INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. UBS Group raised their target price on shares of 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 shares of INVESCO MORTGAGE CAPITAL to a "hold" rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.25.

INVESCO MORTGAGE CAPITAL Company Profile

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.