Invesco Mortgage Capital Inc $IVR Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in INVESCO MORTGAGE CAPITAL by 151.5% in the first quarter, now owning 1,295,263 shares worth approximately $10.2 million.
• INVESCO MORTGAGE CAPITAL's quarterly EPS was reported at $0.58, exceeding the consensus estimate of $0.56, while also declaring a dividend of $0.34 per share with a high payout ratio of 340%.
• Several investment firms have rated INVESCO MORTGAGE CAPITAL with a consensus rating of "Hold" and a boosted price target of $7.50 from UBS Group.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) by 151.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,295,263 shares of the real estate investment trust's stock after purchasing an additional 780,225 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.96% of Invesco Mortgage Capital worth $10,220,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $6,996,000. Wolverine Asset Management LLC purchased a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $3,244,000. Vanguard Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust's stock valued at $27,091,000 after acquiring an additional 239,579 shares during the last quarter. Nuveen LLC purchased a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $1,068,000. Finally, Northern Trust Corp increased its holdings in shares of Invesco Mortgage Capital by 30.1% in the 4th quarter. Northern Trust Corp now owns 572,095 shares of the real estate investment trust's stock valued at $4,605,000 after acquiring an additional 132,463 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Stock Performance

Invesco Mortgage Capital stock traded down $0.03 during mid-day trading on Monday, reaching $7.55. 287,832 shares of the company were exchanged, compared to its average volume of 1,653,176. Invesco Mortgage Capital Inc has a twelve month low of $5.86 and a twelve month high of $9.42. The firm's 50-day simple moving average is $7.66 and its two-hundred day simple moving average is $7.66. The firm has a market cap of $500.29 million, a PE ratio of 18.86 and a beta of 1.76.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $17.73 million during the quarter, compared to analysts' expectations of $45.93 million. As a group, equities research analysts anticipate that Invesco Mortgage Capital Inc will post 2.49 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 18.0%. The ex-dividend date of this dividend was Monday, July 7th. Invesco Mortgage Capital's dividend payout ratio (DPR) is currently 340.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IVR. UBS Group increased their price objective on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Zacks Research raised Invesco Mortgage Capital to a "hold" rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.50.

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.