Rothschild Asset Management Inc. lessened its holdings in shares of Invesco Mortgage Capital (NYSE:IVR) by 65.7% during the first quarter, HoldingsChannel.com reports. The firm owned 287,050 shares of the real estate investment trust’s stock after selling 549,213 shares during the quarter. Rothschild Asset Management Inc.’s holdings in Invesco Mortgage Capital were worth $4,702,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System purchased a new position in shares of Invesco Mortgage Capital during the 4th quarter worth approximately $856,000. Creative Planning grew its holdings in shares of Invesco Mortgage Capital by 6.4% during the 4th quarter. Creative Planning now owns 55,188 shares of the real estate investment trust’s stock worth $984,000 after acquiring an additional 3,343 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Invesco Mortgage Capital by 3.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 812,977 shares of the real estate investment trust’s stock worth $14,496,000 after acquiring an additional 28,957 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Invesco Mortgage Capital during the 4th quarter worth approximately $1,024,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Invesco Mortgage Capital during the 4th quarter worth approximately $397,000. Institutional investors own 67.17% of the company’s stock.
Shares of IVR opened at $16.16 on Tuesday. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.84. Invesco Mortgage Capital has a 52 week low of $15.15 and a 52 week high of $18.86. The company has a market capitalization of $1.78 billion, a PE ratio of 9.02 and a beta of 0.61.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Invesco Mortgage Capital had a return on equity of 10.18% and a net margin of 51.09%. The firm had revenue of $85.10 million for the quarter, compared to analysts’ expectations of $64.10 million. During the same period in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 26th. Stockholders of record on Tuesday, March 27th were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, March 26th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.40%.
In related news, CFO Richard Lee Jr. Phegley purchased 1,750 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $15.49 per share, with a total value of $27,107.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis P. Lockhart purchased 61,750 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $988,000.00. Following the completion of the transaction, the director now owns 33,427 shares in the company, valued at $534,832. The disclosure for this purchase can be found here. Over the last three months, insiders bought 65,000 shares of company stock worth $1,039,273. Insiders own 0.26% of the company’s stock.
A number of research analysts have weighed in on the company. Barclays reiterated a “hold” rating and set a $16.00 target price on shares of Invesco Mortgage Capital in a report on Monday, May 7th. ValuEngine downgraded Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Credit Suisse Group downgraded 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.42.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital (NYSE:IVR).
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.