Jupiter Asset Management Ltd. Buys Shares of 886,738 Invesco Mortgage Capital Inc (NYSE:IVR)

Key Points

• Jupiter Asset Management Ltd. has invested approximately $7 million in INVESCO MORTGAGE CAPITAL INC, acquiring 886,738 shares, which represents about 1.36% ownership in the company.
• INVESCO MORTGAGE CAPITAL reported earnings per share of $0.58, exceeding the consensus estimate of $0.56, along with a quarterly dividend of $0.34, reflecting a yield of 17.9%.
• Analyst ratings for INVESCO MORTGAGE CAPITAL are mixed, with UBS Group raising the price target from $6.50 to $7.25, while Wall Street Zen downgraded the stock from "hold" to "sell."

Jupiter Asset Management Ltd. acquired a new stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 886,738 shares of the real estate investment trust's stock, valued at approximately $6,996,000. Jupiter Asset Management Ltd. owned approximately 1.36% of Invesco Mortgage Capital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Invesco Mortgage Capital in the 4th quarter worth approximately $50,000. Russell Investments Group Ltd. increased its stake in Invesco Mortgage Capital by 55.6% in the fourth quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 3,272 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Invesco Mortgage Capital during the 4th quarter valued at about $81,000. XTX Topco Ltd bought a new stake in 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 during the 4th quarter worth approximately $108,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group upped their price objective 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. Wall Street Zen lowered Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a research note on Friday, May 9th.

Invesco Mortgage Capital Trading Up 0.7%

Shares of NYSE IVR traded up $0.06 during midday trading on Thursday, hitting $7.62. 442,359 shares of the company's stock were exchanged, compared to its average volume of 1,713,748. Invesco Mortgage Capital Inc has a 12-month low of $5.86 and a 12-month high of $9.42. The company has a market cap of $502.13 million, a price-to-earnings ratio of 19.04 and a beta of 1.70. The business's fifty day moving average price is $7.65 and its two-hundred day moving average price is $7.82.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $45.93 million. Equities analysts expect that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 17.9%. The ex-dividend date was Monday, July 7th. Invesco Mortgage Capital's dividend payout ratio (DPR) is presently 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.