16,855 Shares in Invesco Mortgage Capital Inc (IVR) Acquired by West Family Investments Inc.
West Family Investments Inc. bought a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,855 shares of the real estate investment trust’s stock, valued at approximately $231,000.
A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Invesco Mortgage Capital by 32,968.8% in the first quarter. BlackRock Inc. now owns 10,802,925 shares of the real estate investment trust’s stock worth $166,582,000 after buying an additional 10,770,257 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Invesco Mortgage Capital by 72.6% in the first quarter. Nuveen Asset Management LLC now owns 1,828,167 shares of the real estate investment trust’s stock worth $28,190,000 after buying an additional 768,763 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Invesco Mortgage Capital by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock worth $139,731,000 after buying an additional 559,928 shares in the last quarter. Bank of Montreal Can raised its position in shares of Invesco Mortgage Capital by 7,959.7% in the second quarter. Bank of Montreal Can now owns 413,542 shares of the real estate investment trust’s stock worth $6,911,000 after buying an additional 408,411 shares in the last quarter. Finally, PVG Asset Management Corp acquired a new position in shares of Invesco Mortgage Capital during the first quarter worth $4,625,000. Institutional investors and hedge funds own 64.89% of the company’s stock.
Shares of Invesco Mortgage Capital Inc (IVR) opened at 17.10 on Thursday. The company’s 50-day moving average price is $16.74 and its 200 day moving average price is $16.00. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $17.34. The stock has a market capitalization of $1.91 billion, a PE ratio of 4.08 and a beta of 0.81.
Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $82.94 million during the quarter, compared to analyst estimates of $84.50 million. Invesco Mortgage Capital had a return on equity of 8.97% and a net margin of 71.92%. During the same quarter in the prior year, the business earned $0.42 earnings per share. Analysts anticipate that Invesco Mortgage Capital Inc will post $1.60 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Tuesday, June 27th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 9.36%. Invesco Mortgage Capital’s dividend payout ratio is currently 36.87%.
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IVR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Wunderlich upped their target price on Invesco Mortgage Capital from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods upgraded Invesco Mortgage Capital from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $16.25 to $18.00 in a research note on Monday, July 17th. Finally, BidaskClub cut Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.55.
About Invesco Mortgage Capital
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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