Quantitative Systematic Strategies LLC acquired a new stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 27,699 shares of the real estate investment trust’s stock, valued at approximately $494,000.
A number of other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Invesco Mortgage Capital by 5.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 488 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Invesco Mortgage Capital during the 3rd quarter valued at $172,000. Stevens Capital Management LP purchased a new stake in Invesco Mortgage Capital during the 3rd quarter valued at $204,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Invesco Mortgage Capital in the 3rd quarter worth $213,000. Finally, Principal Financial Group Inc. increased its stake in shares of Invesco Mortgage Capital by 3.4% in the 2nd quarter. Principal Financial Group Inc. now owns 13,988 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 462 shares in the last quarter. 63.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Invesco Mortgage Capital Inc (IVR) traded up $0.04 during midday trading on Wednesday, hitting $15.76. 360,742 shares of the stock traded hands, compared to its average volume of 1,509,188. 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 $14.72 and a 52-week high of $18.86. The stock has a market cap of $1,750.00, a PE ratio of 4.95 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, December 26th were given a $0.42 dividend. This is a positive change 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 10.66%. The ex-dividend date was Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio is 52.83%.
IVR has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. Credit Suisse Group downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $17.74 to $18.00 in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.08.
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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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