Van ECK Associates Corp trimmed its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,234 shares of the real estate investment trust’s stock after selling 23,645 shares during the quarter. Van ECK Associates Corp owned about 0.35% of Invesco Mortgage Capital worth $6,787,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. IndexIQ Advisors LLC lifted its stake in Invesco Mortgage Capital by 11.7% during the second quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after purchasing an additional 14,128 shares during the period. Voya Investment Management LLC increased its holdings in shares of Invesco Mortgage Capital by 16.1% during 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. increased its holdings in shares of Invesco Mortgage Capital by 17.1% during 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 increased 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 valued at $1,228,000 after purchasing an additional 41,611 shares in the last quarter. Finally, Cipher Capital LP increased 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 valued at $3,806,000 after purchasing an additional 175,379 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.
In other Invesco Mortgage Capital news, EVP David B. Lyle purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the transaction, the executive vice president now owns 17,268 shares in the company, valued at approximately $293,037.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
A number of analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, August 10th. BidaskClub raised shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. 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. The stock currently has a consensus rating of “Buy” and an average target price of $18.13.
Invesco Mortgage Capital Inc (NYSE:IVR) traded up $0.17 during trading on Thursday, hitting $18.28. 2,343,200 shares of the stock traded hands, compared to its average volume of 988,875. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2,021.38, a price-to-earnings ratio of 11.25 and a beta of 0.86. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $18.33.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data 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 firm had revenue of $68.20 million during 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%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS.
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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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