Convergence Investment Partners LLC increased its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 292.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,834 shares of the real estate investment trust’s stock after purchasing an additional 47,582 shares during the quarter. Convergence Investment Partners LLC owned about 0.06% of Invesco Mortgage Capital worth $1,138,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVR. Ameriprise Financial Inc. grew its stake in shares of Invesco Mortgage Capital by 348.1% during 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 during the last quarter. FMR LLC boosted its stake in 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 acquiring an additional 712,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 710,520 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in Invesco Mortgage Capital in the third quarter valued at approximately $11,342,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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. 63.19% of the stock is currently owned by institutional investors and hedge funds.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Invesco Mortgage Capital has a consensus rating of “Buy” and an average target price of $18.13.
In other Invesco Mortgage Capital news, EVP David B. Lyle acquired 2,000 shares of Invesco Mortgage Capital stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $16.97 per share, with a total value of $33,940.00. Following the completion of the purchase, the executive vice president now owns 17,268 shares in the company, valued at $293,037.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.
Invesco Mortgage Capital Inc (NYSE:IVR) opened at $17.59 on Friday. Invesco Mortgage Capital Inc has a 52 week low of $14.15 and a 52 week high of $18.86. The stock has a market cap of $1,960.00, a P/E ratio of 5.53 and a beta of 0.86. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86.
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 firm had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, December 26th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 9.55%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 52.83%.
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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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