Wells Fargo & Company MN Buys 223,934 Shares of INVESCO MORTGAGE CAPITAL INC (IVR)

Wells Fargo & Company MN lifted its stake in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) by 61.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,120 shares of the real estate investment trust’s stock after buying an additional 223,934 shares during the period. Wells Fargo & Company MN owned approximately 0.53% of INVESCO MORTGAGE CAPITAL INC worth $9,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC by 32,968.8% in the first quarter. BlackRock Inc. now owns 10,802,925 shares of the real estate investment trust’s stock valued at $166,582,000 after buying an additional 10,770,257 shares during the period. Vanguard Group Inc. boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock valued at $139,731,000 after buying an additional 559,928 shares during the period. State Street Corp boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC by 1.1% in the first quarter. State Street Corp now owns 2,415,442 shares of the real estate investment trust’s stock valued at $37,247,000 after buying an additional 25,453 shares during the period. Prudential Financial Inc. boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC by 17.1% in the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock valued at $37,007,000 after buying an additional 323,130 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of INVESCO MORTGAGE CAPITAL INC by 72.6% in the first quarter. Nuveen Asset Management LLC now owns 1,828,167 shares of the real estate investment trust’s stock valued at $28,190,000 after buying an additional 768,763 shares during the period. Institutional investors and hedge funds own 63.36% of the company’s stock.

INVESCO MORTGAGE CAPITAL INC (IVR) opened at 17.30 on Thursday. The firm’s 50-day moving average is $17.01 and its 200 day moving average is $16.44. The firm has a market capitalization of $1.93 billion, a P/E ratio of 4.13 and a beta of 0.81. INVESCO MORTGAGE CAPITAL INC has a 12 month low of $14.15 and a 12 month high of $17.35.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. INVESCO MORTGAGE CAPITAL INC had a net margin of 71.92% and a return on equity of 8.97%. The firm had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. During the same period last year, the firm earned $0.42 EPS. On average, analysts expect that INVESCO MORTGAGE CAPITAL INC will post $1.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 9.48%. This is an increase from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, September 26th. INVESCO MORTGAGE CAPITAL INC’s dividend payout ratio (DPR) is presently 37.79%.

Several brokerages have commented on IVR. BidaskClub upgraded shares of INVESCO MORTGAGE CAPITAL INC from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.25 price objective on shares of INVESCO MORTGAGE CAPITAL INC in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.75.

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INVESCO MORTGAGE CAPITAL INC Profile

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

Institutional Ownership by Quarter for INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

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