State Street Corp boosted its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 5.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,554,077 shares of the real estate investment trust’s stock after purchasing an additional 138,635 shares during the quarter. State Street Corp owned about 2.29% of Invesco Mortgage Capital worth $42,678,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in IVR. BlackRock Inc. boosted its position in Invesco Mortgage Capital by 32,968.8% during the first quarter. BlackRock Inc. now owns 10,802,925 shares of the real estate investment trust’s stock worth $166,582,000 after purchasing an additional 10,770,257 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Invesco Mortgage Capital by 348.1% during the second quarter. Ameriprise Financial Inc. now owns 1,131,111 shares of the real estate investment trust’s stock worth $18,902,000 after buying an additional 878,680 shares during the last quarter. FMR LLC lifted its holdings in shares of Invesco Mortgage Capital by 71.3% during the second quarter. FMR LLC now owns 1,712,523 shares of the real estate investment trust’s stock worth $28,616,000 after buying an additional 712,600 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Mortgage Capital by 265.8% during the second quarter. JPMorgan Chase & Co. now owns 977,784 shares of the real estate investment trust’s stock worth $16,338,000 after buying an additional 710,520 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock worth $139,731,000 after buying an additional 559,928 shares during the last quarter. 63.14% of the stock is owned by hedge funds and other institutional investors.
Invesco Mortgage Capital Inc (NYSE:IVR) opened at $17.00 on Monday. Invesco Mortgage Capital Inc has a 1-year low of $14.15 and a 1-year high of $18.02. The company has a market capitalization of $1,897.37, a P/E ratio of 10.76 and a beta of 0.87. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.90.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Invesco Mortgage Capital had a return on equity of 8.97% and a net margin of 71.92%. The company had revenue of $82.94 million during the quarter, compared to analyst estimates of $84.50 million. During the same period in the previous year, the company earned $0.42 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Wednesday, September 27th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.65%. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, September 26th. Invesco Mortgage Capital’s dividend payout ratio is presently 37.79%.
WARNING: “Invesco Mortgage Capital Inc (IVR) Holdings Raised by State Street Corp” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2017/11/06/invesco-mortgage-capital-inc-ivr-holdings-raised-by-state-street-corp.html.
IVR has been the subject of a number of research analyst reports. Zacks Investment Research lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods upgraded Invesco Mortgage Capital from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $16.25 to $18.00 in a report on Monday, July 17th. Finally, BidaskClub lowered Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Invesco Mortgage Capital presently has an average rating of “Buy” and an average target price of $17.75.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
What are top analysts saying about Invesco Mortgage Capital Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Invesco Mortgage Capital Inc and related companies.