INVESCO MORTGAGE CAPITAL INC $IVR Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in INVESCO MORTGAGE CAPITAL INC by 7.5%, owning approximately 5.26% of the company with a total value of $27.1 million as of its latest filing.
• INVESCO MORTGAGE CAPITAL recently reported earnings of $0.58 EPS for the quarter, surpassing analysts' expectations, but had a significant revenue shortfall compared to estimates.
• The company announced a quarterly dividend of $0.34 per share, resulting in an annualized dividend of $1.36 and a dividend yield of 17.5%.

Vanguard Group Inc. boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,433,563 shares of the real estate investment trust's stock after purchasing an additional 239,579 shares during the period. Vanguard Group Inc. owned approximately 5.26% of INVESCO MORTGAGE CAPITAL worth $27,091,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IVR. BNP Paribas Financial Markets purchased a new stake in shares of INVESCO MORTGAGE CAPITAL in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. boosted its holdings 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. XTX Topco Ltd purchased a new stake in shares of INVESCO MORTGAGE CAPITAL in the 4th quarter valued at $96,000. Envestnet Asset Management Inc. purchased a new stake in shares of INVESCO MORTGAGE CAPITAL in the 4th quarter valued at $108,000. Finally, ProShare Advisors LLC purchased a new stake in shares of INVESCO MORTGAGE CAPITAL in the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 40.54% of the company's stock.

INVESCO MORTGAGE CAPITAL Stock Performance

Shares of IVR traded up $0.07 during trading hours on Monday, hitting $7.83. The stock had a trading volume of 1,266,109 shares, compared to its average volume of 1,097,378. The firm has a 50-day moving average price of $7.67 and a 200 day moving average price of $7.73. INVESCO MORTGAGE CAPITAL INC has a fifty-two week low of $5.86 and a fifty-two week high of $9.42. The firm has a market capitalization of $519.21 million, a price-to-earnings ratio of 19.58 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. The company had revenue of $17.73 million during the quarter, compared to analysts' expectations of $45.93 million. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. As a group, analysts predict that INVESCO MORTGAGE CAPITAL INC will post 2.49 EPS for the current fiscal year.

INVESCO MORTGAGE CAPITAL Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.34 per share. The ex-dividend date was Monday, July 7th. This represents a $1.36 dividend on an annualized basis and a yield of 17.4%. INVESCO MORTGAGE CAPITAL's dividend payout ratio is currently 340.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on IVR shares. UBS Group upped their price objective on shares of INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the company a "neutral" rating in a report on Thursday, July 10th. Zacks Research raised shares of INVESCO MORTGAGE CAPITAL to a "hold" rating in a report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.