Mackenzie Financial Corp raised its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 68.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,291 shares of the real estate investment trust’s stock after acquiring an additional 7,850 shares during the period. Mackenzie Financial Corp’s holdings in Invesco Mortgage Capital were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of IVR. Ameriprise Financial Inc. raised its stake in Invesco Mortgage Capital by 348.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,131,111 shares of the real estate investment trust’s stock valued at $18,902,000 after acquiring an additional 878,680 shares during the last quarter. FMR LLC raised its stake in Invesco Mortgage Capital by 71.3% during the 2nd quarter. FMR LLC now owns 1,712,523 shares of the real estate investment trust’s stock valued at $28,616,000 after acquiring an additional 712,600 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Invesco Mortgage Capital by 265.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 977,784 shares of the real estate investment trust’s stock valued at $16,338,000 after acquiring an additional 710,520 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in Invesco Mortgage Capital during the 3rd quarter valued at approximately $11,342,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Invesco Mortgage Capital by 121.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 953,702 shares of the real estate investment trust’s stock valued at $15,936,000 after acquiring an additional 522,307 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.
Invesco Mortgage Capital Inc (NYSE IVR) traded down $0.14 during midday trading on Wednesday, reaching $18.07. The company’s stock had a trading volume of 1,694,000 shares, compared to its average volume of 1,001,441. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01. Invesco Mortgage Capital Inc has a 52 week low of $14.15 and a 52 week high of $18.45. The firm has a market cap of $2,032.54, a PE ratio of 11.31 and a beta of 0.86.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The company had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis.
In other Invesco Mortgage Capital news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $16.97 per share, for a total transaction of $33,940.00. Following the transaction, the executive vice president now owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.13.
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Invesco Mortgage Capital Company 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.
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