Ieq Capital LLC Buys Shares of 130,496 Invesco Mortgage Capital Inc $IVR

Ieq Capital LLC purchased a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 130,496 shares of the real estate investment trust’s stock, valued at approximately $1,031,000.

A number of other large investors also recently modified their holdings of IVR. Allworth Financial LP bought a new stake in shares of Invesco Mortgage Capital in the second quarter valued at approximately $60,000. Virtus Advisers LLC bought a new position in Invesco Mortgage Capital during the second quarter worth $132,000. Oxford Financial Group LTD. LLC acquired a new position in Invesco Mortgage Capital during the 2nd quarter valued at $79,000. BlackRock Inc. acquired a new position in Invesco Mortgage Capital during the 2nd quarter valued at $69,562,000. Finally, Pallas Capital Advisors LLC bought a new stake in Invesco Mortgage Capital in the 2nd quarter valued at $160,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Price Performance

IVR opened at $7.38 on Thursday. Invesco Mortgage Capital Inc has a fifty-two week low of $7.10 and a fifty-two week high of $9.50. The firm’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $8.01. The company has a market capitalization of $794.38 million, a P/E ratio of 4.99 and a beta of 1.60.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The business had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $46.48 million. On average, equities research analysts expect that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 19.5%. The ex-dividend date of this dividend is Tuesday, August 25th. Invesco Mortgage Capital’s payout ratio is presently 97.30%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Zacks Research upgraded shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.38.

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.