Odyssean LLC grew its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR – Free Report) by 144.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,410 shares of the real estate investment trust’s stock after acquiring an additional 221,498 shares during the quarter. Odyssean LLC owned 0.35% of Invesco Mortgage Capital worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in IVR. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Mortgage Capital by 3,282.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 2,954 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter worth about $33,000. Comerica Bank boosted its holdings in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,839 shares during the last quarter. Caption Management LLC bought a new stake in Invesco Mortgage Capital in the 4th quarter worth about $43,000. Finally, BNP Paribas Financial Markets grew its position in Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.
Invesco Mortgage Capital Price Performance
NYSE IVR opened at $7.42 on Wednesday. The business’s fifty day moving average is $7.71 and its 200-day moving average is $8.02. The stock has a market capitalization of $798.15 million, a price-to-earnings ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital Inc has a one year low of $7.10 and a one year high of $9.50.
Invesco Mortgage Capital Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 19.4%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s payout ratio is presently 97.30%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Invesco Mortgage Capital currently has an average rating of “Hold” and an average price target of $8.38.
View Our Latest Stock Analysis on IVR
Invesco Mortgage Capital Company Profile
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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