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

A number of other institutional investors and hedge funds have also recently made changes to their positions in IVR. Rhumbline Advisers grew its holdings in shares of INVESCO MORTGAGE CAPITAL by 2.7% during the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust's stock valued at $685,000 after buying an additional 2,260 shares during the last quarter. Deutsche Bank AG boosted its holdings in INVESCO MORTGAGE CAPITAL by 76.2% during the fourth quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock worth $373,000 after purchasing an additional 20,038 shares during the last quarter. Bank of America Corp DE boosted its holdings in INVESCO MORTGAGE CAPITAL by 32.3% during the fourth quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust's stock worth $491,000 after purchasing an additional 14,897 shares during the last quarter. Cetera Investment Advisers boosted its holdings in INVESCO MORTGAGE CAPITAL by 19.6% during the fourth quarter. Cetera Investment Advisers now owns 127,088 shares of the real estate investment trust's stock worth $1,023,000 after purchasing an additional 20,788 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in INVESCO MORTGAGE CAPITAL during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 40.54% of the company's stock.

INVESCO MORTGAGE CAPITAL Trading Down 0.2%

Shares of NYSE IVR traded down $0.02 during midday trading on Wednesday, hitting $7.65. The company's stock had a trading volume of 872,873 shares, compared to its average volume of 1,698,970. The stock has a fifty day moving average price of $7.66 and a 200 day moving average price of $7.80. The firm has a market capitalization of $506.94 million, a price-to-earnings ratio of 19.11 and a beta of 1.70. INVESCO MORTGAGE CAPITAL INC has a one year low of $5.86 and a one year high of $9.42.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $45.93 million. On average, equities research analysts predict that INVESCO MORTGAGE CAPITAL INC will post 2.49 earnings per share for the current fiscal year.

INVESCO MORTGAGE CAPITAL Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors 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 17.8%. The ex-dividend date was Monday, July 7th. INVESCO MORTGAGE CAPITAL's dividend payout ratio is currently 340.00%.

Wall Street Analysts Forecast Growth

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

INVESCO MORTGAGE CAPITAL Company 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.