Nationwide Fund Advisors lifted its stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 28.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 209,441 shares of the real estate investment trust’s stock after buying an additional 46,024 shares during the quarter. Nationwide Fund Advisors owned approximately 0.19% of Invesco Mortgage Capital worth $3,588,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC lifted its holdings in shares of Invesco Mortgage Capital by 11.7% in the second quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after buying an additional 14,128 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 16.1% in the second quarter. Voya Investment Management LLC now owns 51,280 shares of the real estate investment trust’s stock worth $857,000 after buying an additional 7,101 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Invesco Mortgage Capital by 17.1% in the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after buying an additional 323,130 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Invesco Mortgage Capital by 131.5% in the second quarter. Stifel Financial Corp now owns 73,251 shares of the real estate investment trust’s stock worth $1,228,000 after buying an additional 41,611 shares in the last quarter. Finally, Cipher Capital LP lifted its holdings in shares of Invesco Mortgage Capital by 334.5% in the second quarter. Cipher Capital LP now owns 227,810 shares of the real estate investment trust’s stock worth $3,806,000 after buying an additional 175,379 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 target price 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 given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.13.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. Invesco Mortgage Capital’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, December 26th will be paid a dividend of $0.42 per share. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 9.01%. Invesco Mortgage Capital’s dividend payout ratio is presently 44.09%.
In other Invesco Mortgage Capital news, EVP David B. Lyle purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $16.97 per share, with a total value of $33,940.00. Following the completion of the purchase, the executive vice president now directly owns 17,268 shares in the company, valued at $293,037.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.
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Invesco Mortgage Capital 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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