Wolverine Asset Management LLC Makes New $3.24 Million Investment in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

Key Points

• Wolverine Asset Management LLC has acquired a new stake in Invesco Mortgage Capital Inc, purchasing 411,163 shares valued at approximately $3.24 million in the first quarter of the year.
• Analysts have recently updated their price targets, with UBS Group raising its target from $6.50 to $7.25, while Wall Street Zen downgraded the stock from a "hold" to a "sell" rating.
• Invesco Mortgage Capital announced a quarterly dividend of $0.34 per share, reflecting an annualized dividend yield of 17.9%, despite a significant payout ratio of 340%.

Wolverine Asset Management LLC purchased a new position in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 411,163 shares of the real estate investment trust's stock, valued at approximately $3,244,000. Wolverine Asset Management LLC owned about 0.62% of INVESCO MORTGAGE CAPITAL as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in INVESCO MORTGAGE CAPITAL during the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. raised its holdings in INVESCO MORTGAGE CAPITAL by 59.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust's stock worth $58,000 after buying an additional 2,757 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of INVESCO MORTGAGE CAPITAL by 55.6% during 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of INVESCO MORTGAGE CAPITAL during the fourth quarter valued at approximately $81,000. Finally, XTX Topco Ltd purchased a new position in shares of INVESCO MORTGAGE CAPITAL during the fourth quarter valued at approximately $96,000. Institutional investors own 40.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on IVR shares. Wall Street Zen lowered INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a report on Friday, May 9th. UBS Group upped their target price on shares of INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the stock a "neutral" rating in a research report on Thursday, July 10th.

INVESCO MORTGAGE CAPITAL Stock Down 1.8%

INVESCO MORTGAGE CAPITAL stock traded down $0.14 during mid-day trading on Monday, reaching $7.48. 1,007,924 shares of the company's stock traded hands, compared to its average volume of 1,705,517. The company has a market cap of $492.90 million, a price-to-earnings ratio of 18.69 and a beta of 1.70. The stock has a 50 day moving average of $7.65 and a two-hundred day moving average of $7.80. INVESCO MORTGAGE CAPITAL INC has a 12-month low of $5.86 and a 12-month high of $9.42.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $17.73 million for the quarter, compared to the consensus estimate of $45.93 million. As a group, sell-side analysts forecast that INVESCO MORTGAGE CAPITAL INC will post 2.49 earnings per share for the current year.

INVESCO MORTGAGE CAPITAL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.36 annualized dividend and a dividend yield of 18.2%. INVESCO MORTGAGE CAPITAL's dividend payout ratio is currently 340.00%.

INVESCO MORTGAGE CAPITAL 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.