Legal & General Group Plc raised its stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,700 shares of the real estate investment trust’s stock after acquiring an additional 16,265 shares during the period. Legal & General Group Plc owned approximately 0.13% of Invesco Mortgage Capital worth $2,564,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IVR. Ameriprise Financial Inc. increased its holdings in Invesco Mortgage Capital by 348.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,131,111 shares of the real estate investment trust’s stock valued at $18,902,000 after acquiring an additional 878,680 shares during the last quarter. FMR LLC increased its holdings in Invesco Mortgage Capital by 71.3% in 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 acquiring an additional 712,600 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Mortgage Capital by 265.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 977,784 shares of the real estate investment trust’s stock valued at $16,338,000 after acquiring an additional 710,520 shares during the last quarter. Rothschild Asset Management Inc. bought a new stake in Invesco Mortgage Capital in the 3rd quarter valued at $11,342,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Invesco Mortgage Capital by 121.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 953,702 shares of the real estate investment trust’s stock valued at $15,936,000 after acquiring an additional 522,307 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.
In other Invesco Mortgage Capital news, EVP David B. Lyle acquired 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $16.97 per share, with a total value of $33,940.00. Following the purchase, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The business had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.85 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 9.2% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, December 26th will be paid a $0.42 dividend. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 52.83%.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target 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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