WINTON GROUP Ltd bought a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 92,000 shares of the real estate investment trust’s stock, valued at approximately $727,000.
Several other institutional investors also recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Invesco Mortgage Capital during the 2nd quarter worth $60,000. California State Teachers Retirement System boosted its holdings in shares of Invesco Mortgage Capital by 100.7% during the second quarter. California State Teachers Retirement System now owns 8,532 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 4,280 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Invesco Mortgage Capital in the second quarter valued at $70,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of Invesco Mortgage Capital in the second quarter valued at $79,000. Finally, Able Wealth Management LLC acquired a new position in Invesco Mortgage Capital in the first quarter valued at $87,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on IVR shares. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Zacks Research cut Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.38.
Invesco Mortgage Capital Price Performance
NYSE:IVR opened at $6.66 on Tuesday. The firm has a 50-day moving average of $7.50 and a two-hundred day moving average of $7.87. The stock has a market cap of $716.88 million, a P/E ratio of 4.50 and a beta of 1.62. Invesco Mortgage Capital Inc has a 1-year low of $6.64 and a 1-year high of $9.50.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The business had revenue of $30.10 million for the quarter, compared to analyst estimates of $46.48 million. As a group, equities analysts expect that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.
Invesco Mortgage Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 21.6%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 97.30%.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.
The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.
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