Wells Fargo & Company MN boosted its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 49.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 882,475 shares of the real estate investment trust’s stock after buying an additional 291,355 shares during the period. Wells Fargo & Company MN owned 0.79% of Invesco Mortgage Capital worth $15,117,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of Invesco Mortgage Capital by 348.1% in the second quarter. Ameriprise Financial Inc. now owns 1,131,111 shares of the real estate investment trust’s stock valued at $18,902,000 after purchasing an additional 878,680 shares in the last quarter. FMR LLC grew its position in shares of Invesco Mortgage Capital by 71.3% in the second quarter. FMR LLC now owns 1,712,523 shares of the real estate investment trust’s stock valued at $28,616,000 after purchasing an additional 712,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Invesco Mortgage Capital by 265.8% in the second quarter. JPMorgan Chase & Co. now owns 977,784 shares of the real estate investment trust’s stock valued at $16,338,000 after purchasing an additional 710,520 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in shares of Invesco Mortgage Capital in the third quarter valued at approximately $11,342,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Invesco Mortgage Capital by 121.1% in the second 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. Institutional investors own 63.20% of the company’s stock.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given 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 Invesco Mortgage Capital news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $16.97 per share, with a total value of $33,940.00. Following the completion of the acquisition, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Invesco Mortgage Capital Inc (NYSE IVR) traded down $0.09 during trading hours on Friday, reaching $17.75. The company’s stock had a trading volume of 870,569 shares, compared to its average volume of 1,660,000. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $18.86. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1,980.00, a PE ratio of 5.58 and a beta of 0.86.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $68.20 million for the quarter, compared to analyst estimates of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, December 26th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Friday, December 22nd. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. Invesco Mortgage Capital’s dividend payout ratio is 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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