Bank of New York Mellon Corp lessened its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 798,419 shares of the real estate investment trust’s stock after selling 33,406 shares during the period. Bank of New York Mellon Corp owned 0.72% of Invesco Mortgage Capital worth $13,677,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in Invesco Mortgage Capital by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 488 shares during the period. Investment Centers of America Inc. purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $180,000. Stevens Capital Management LP purchased a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $204,000. Atlantic Trust Group LLC purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $211,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $213,000. Institutional investors own 63.20% of the company’s stock.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.13.
In other news, EVP David B. Lyle bought 2,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost 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 $293,037.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.
Invesco Mortgage Capital Inc (NYSE:IVR) traded down $0.09 during trading on Friday, reaching $17.75. 870,569 shares of the company traded hands, compared to its average volume of 1,660,000. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $18.86. The stock has a market cap of $1,980.00, a price-to-earnings ratio of 5.58 and a beta of 0.86.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The business had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.85 million. During the same period last year, the firm posted $0.41 EPS. The company’s revenue was up 9.2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th will be given a dividend of $0.42 per share. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend is Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio is currently 52.83%.
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About Invesco Mortgage Capital
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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