Invesco Ltd. Buys 38,354 Shares of 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. boosted its holdings 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 (SEC). The fund owned 2,363,174 shares of the real estate investment trust's stock after purchasing an additional 38,354 shares during the period. Invesco Ltd. owned about 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 recently added to or reduced their stakes in IVR. BNP Paribas Financial Markets bought a new stake in Invesco Mortgage Capital during the fourth quarter worth $50,000. PNC Financial Services Group Inc. lifted its stake in shares of Invesco Mortgage Capital by 59.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 2,757 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Invesco Mortgage Capital by 55.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 3,272 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at $96,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at $108,000. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Stock Up 2.8%

Invesco Mortgage Capital stock traded up $0.2150 during trading hours on Friday, reaching $7.7950. 1,973,230 shares of the company's stock were exchanged, compared to its average volume of 1,236,440. The firm's 50 day simple moving average is $7.66 and its 200 day simple moving average is $7.76. Invesco Mortgage Capital Inc has a twelve month low of $5.86 and a twelve month high of $9.42. The firm has a market capitalization of $516.86 million, a PE ratio of 19.49 and a beta of 1.70.

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

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 17.4%. The ex-dividend date was Monday, July 7th. Invesco Mortgage Capital's dividend payout ratio (DPR) is presently 340.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IVR shares. UBS Group increased their price target on Invesco Mortgage Capital from $6.50 to $7.25 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Zacks Research upgraded Invesco Mortgage Capital to a "hold" rating in a research note on Monday, August 11th. Finally, Wall Street Zen cut Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.25.

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.