JPMorgan Chase & Co. lifted its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 265.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 977,784 shares of the real estate investment trust’s stock after buying an additional 710,520 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.88% of Invesco Mortgage Capital worth $16,338,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IVR. BlackRock Inc. raised its stake in shares of Invesco Mortgage Capital by 32,968.8% during the 1st 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 during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Invesco Mortgage Capital by 72.6% during the 1st 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of Invesco Mortgage Capital by 6.6% during the 1st 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 during the last quarter. Bank of Montreal Can raised its stake in shares of Invesco Mortgage Capital by 7,959.7% during the 2nd 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 during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Invesco Mortgage Capital by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after buying an additional 323,130 shares during the last quarter. 63.36% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on IVR. BidaskClub raised Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Invesco Mortgage Capital presently has an average rating of “Buy” and an average target price of $17.81.

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Shares of Invesco Mortgage Capital Inc (NYSE:IVR) opened at 17.19 on Friday. The stock has a market cap of $1.92 billion, a PE ratio of 4.10 and a beta of 0.80. Invesco Mortgage Capital Inc has a 52-week low of $14.15 and a 52-week high of $17.34. The company’s 50-day moving average price is $16.92 and its 200-day moving average price is $16.29.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Invesco Mortgage Capital had a return on equity of 8.97% and a net margin of 71.92%. The business had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. During the same period in the prior year, the business posted $0.42 earnings per share. Analysts expect that Invesco Mortgage Capital Inc will post $1.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.54%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, September 26th. Invesco Mortgage Capital’s dividend payout ratio is currently 36.87%.

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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Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

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