Xact Kapitalforvaltning AB boosted its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 30.5% during the third quarter, HoldingsChannel.com reports. The fund owned 25,683 shares of the real estate investment trust’s stock after acquiring an additional 6,000 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Invesco Mortgage Capital were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Invesco Mortgage Capital during the second quarter valued at approximately $200,000. CIBC Private Wealth Group LLC raised its position in shares of Invesco Mortgage Capital by 3,508.5% during the second quarter. CIBC Private Wealth Group LLC now owns 7,217 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 7,017 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Invesco Mortgage Capital during the second quarter valued at approximately $142,000. Assetmark Inc. raised its position in shares of Invesco Mortgage Capital by 53.8% during the second quarter. Assetmark Inc. now owns 10,836 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,791 shares during the last quarter. Finally, Trilogy Capital Inc. raised its position in shares of Invesco Mortgage Capital by 9,236.6% during the second quarter. Trilogy Capital Inc. now owns 12,511 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 12,377 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.
IVR has been the topic of several recent analyst reports. ValuEngine cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Keefe, Bruyette & Woods cut shares of Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a research report on Thursday, August 9th.
Shares of IVR opened at $15.24 on Thursday. Invesco Mortgage Capital Inc has a fifty-two week low of $14.53 and a fifty-two week high of $18.86. The firm has a market capitalization of $1.70 billion, a P/E ratio of 8.62 and a beta of 0.61. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.85.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Invesco Mortgage Capital had a return on equity of 10.89% and a net margin of 52.70%. The business had revenue of $70.84 million during the quarter, compared to the consensus estimate of $63.90 million. During the same quarter in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 17.8% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Tuesday, September 25th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 11.02%. The ex-dividend date was Monday, September 24th.
Invesco Mortgage Capital Company Profile
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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