UBS Group AG lifted its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR – Free Report) by 68.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,094,468 shares of the real estate investment trust’s stock after buying an additional 446,017 shares during the period. UBS Group AG owned about 1.54% of Invesco Mortgage Capital worth $9,204,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of IVR. Jones Financial Companies Lllp boosted its position in shares of Invesco Mortgage Capital by 4,329.2% during the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock valued at $2,907,000 after buying an additional 31,410 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco Mortgage Capital during the first quarter valued at approximately $144,000. Strs Ohio purchased a new position in shares of Invesco Mortgage Capital during the first quarter valued at approximately $82,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Invesco Mortgage Capital by 63.1% during the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 8,553 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IVR. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research cut Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Invesco Mortgage Capital presently has a consensus rating of “Hold” and a consensus price target of $8.25.
Invesco Mortgage Capital Trading Down 1.1%
Shares of Invesco Mortgage Capital stock opened at $8.00 on Friday. The business’s fifty day simple moving average is $8.14 and its 200 day simple moving average is $8.29. The firm has a market capitalization of $742.10 million, a P/E ratio of 10.80 and a beta of 1.64. Invesco Mortgage Capital Inc has a 12 month low of $7.10 and a 12 month high of $9.50.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of ($15.01) million for the quarter, compared to analyst estimates of $39.80 million. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%. Analysts predict that Invesco Mortgage Capital Inc will post 2.25 EPS for the current fiscal year.
Invesco Mortgage Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 18.0%. The ex-dividend date is Tuesday, May 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 194.59%.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.
To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.
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