Picton Mahoney Asset Management Takes Position in Invesco Mortgage Capital Inc $IVR

Picton Mahoney Asset Management acquired a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 126,353 shares of the real estate investment trust’s stock, valued at approximately $955,000.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares in the last quarter. CWM LLC raised its position in shares of Invesco Mortgage Capital by 698.7% during the 3rd quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 6,575 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Invesco Mortgage Capital in the second quarter valued at approximately $82,000. Strs Ohio purchased a new position in Invesco Mortgage Capital in the first quarter valued at approximately $82,000. Finally, KW Wealth Management LLC acquired a new stake in Invesco Mortgage Capital during the third quarter worth approximately $99,000. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on IVR shares. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Finally, Compass Point began coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They issued a “buy” rating and a $9.00 price objective for the company. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Stock Down 1.4%

IVR opened at $8.18 on Friday. Invesco Mortgage Capital Inc has a 52 week low of $5.86 and a 52 week high of $9.50. The business has a 50 day moving average price of $8.71 and a two-hundred day moving average price of $8.10. The company has a market cap of $681.15 million, a PE ratio of 6.39 and a beta of 1.76.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The company had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $47.99 million. Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. As a group, sell-side analysts expect that Invesco Mortgage Capital Inc will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, February 24th will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 17.6%. The ex-dividend date of this dividend is Tuesday, February 24th. Invesco Mortgage Capital’s payout ratio is currently 37.50%.

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.