Invesco Mortgage Capital Inc (IVR) Holdings Raised by State Street Corp

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%.

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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.

Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

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