Quantbot Technologies LP Buys Shares of 69,792 Invesco Mortgage Capital Inc $IVR

Quantbot Technologies LP purchased a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 69,792 shares of the real estate investment trust’s stock, valued at approximately $551,000. Quantbot Technologies LP owned approximately 0.06% of Invesco Mortgage Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVR. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Mortgage Capital by 3,282.2% during 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 acquiring an additional 2,954 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Invesco Mortgage Capital in the 4th quarter valued at approximately $33,000. Caption Management LLC purchased a new stake in Invesco Mortgage Capital during the 4th quarter valued at $43,000. Comerica Bank boosted its stake in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IVR shares. Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Finally, 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. One equities 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, the stock presently has a consensus rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Trading Up 0.6%

Shares of IVR opened at $7.42 on Friday. The firm has a fifty day simple moving average of $7.69 and a two-hundred day simple moving average of $8.00. The firm has a market cap of $798.37 million, a PE ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital Inc has a 1-year low of $7.10 and a 1-year high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The firm had revenue of $30.10 million for the quarter, compared to the consensus estimate of $46.48 million. As a group, research analysts forecast that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 19.4%. The ex-dividend date of this dividend is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 97.30%.

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.