Wells Fargo & Company MN boosted its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 49.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 882,475 shares of the real estate investment trust’s stock after buying an additional 291,355 shares during the period. Wells Fargo & Company MN owned approximately 0.79% of Invesco Mortgage Capital worth $15,117,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Invesco Mortgage Capital by 4.7% during the 2nd quarter. BlackRock Inc. now owns 11,310,533 shares of the real estate investment trust’s stock valued at $189,000,000 after buying an additional 507,608 shares in the last quarter. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 9,149,357 shares of the real estate investment trust’s stock valued at $152,886,000 after buying an additional 87,633 shares in the last quarter. State Street Corp increased its position in Invesco Mortgage Capital by 5.7% during the 2nd quarter. State Street Corp now owns 2,554,077 shares of the real estate investment trust’s stock valued at $42,678,000 after buying an additional 138,635 shares in the last quarter. Prudential Financial Inc. increased its position in Invesco Mortgage Capital by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock valued at $37,007,000 after buying an additional 323,130 shares in the last quarter. Finally, FMR LLC increased its position in Invesco Mortgage Capital by 71.3% during the 2nd quarter. FMR LLC now owns 1,712,523 shares of the real estate investment trust’s stock valued at $28,616,000 after buying an additional 712,600 shares in the last quarter. 63.20% of the stock is owned by institutional investors.
Invesco Mortgage Capital Inc (NYSE IVR) opened at $18.10 on Friday. Invesco Mortgage Capital Inc has a 52-week low of $14.15 and a 52-week high of $18.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market capitalization of $2,009.10, a P/E ratio of 11.18 and a beta of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, December 26th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date of this dividend is Friday, December 22nd. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 44.09%.
In other Invesco Mortgage Capital news, EVP David B. Lyle bought 2,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the purchase, the executive vice president now owns 17,268 shares in the company, valued at approximately $293,037.96. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Invesco Mortgage Capital currently has an average rating of “Buy” and a consensus target price of $18.13.
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Invesco Mortgage Capital Company Profile
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.
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