United Capital Financial Advisers LLC bought a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,069 shares of the real estate investment trust’s stock, valued at approximately $247,000.
Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Invesco Mortgage Capital in the first quarter worth $166,000. Schroder Investment Management Group purchased a new stake in Invesco Mortgage Capital in the fourth quarter worth $177,000. Parametrica Management Ltd purchased a new stake in Invesco Mortgage Capital in the first quarter worth $200,000. GWM Advisors LLC purchased a new stake in Invesco Mortgage Capital in the first quarter worth $203,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Invesco Mortgage Capital during the first quarter valued at $237,000. Institutional investors and hedge funds own 67.58% of the company’s stock.
Several brokerages have recently commented on IVR. Barclays restated a “hold” rating and set a $16.00 price target on shares of Invesco Mortgage Capital in a research note on Monday, May 7th. ValuEngine lowered Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.42.
Shares of Invesco Mortgage Capital stock opened at $15.90 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of 8.98 and a beta of 0.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.01 and a current ratio of 0.01. Invesco Mortgage Capital Inc has a 12 month low of $15.15 and a 12 month high of $18.86.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $85.10 million for the quarter, compared to analyst estimates of $64.10 million. Invesco Mortgage Capital had a return on equity of 10.18% and a net margin of 51.09%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Stockholders of record on Wednesday, June 27th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $1.68 annualized dividend and a dividend yield of 10.57%.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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