Invesco Mortgage Capital Inc (NYSE:IVR) Stake Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,876 shares of the real estate investment trust’s stock after selling 18,052 shares during the quarter. Advisors Asset Management Inc. owned about 0.25% of Invesco Mortgage Capital worth $4,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Invesco Mortgage Capital by 5.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 488 shares during the last quarter. Investment Centers of America Inc. bought a new stake in Invesco Mortgage Capital in the 2nd quarter worth $180,000. Stevens Capital Management LP bought a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $204,000. Atlantic Trust Group LLC bought a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $211,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $213,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Invesco Mortgage Capital Inc (NYSE IVR) traded up $0.12 during mid-day trading on Thursday, hitting $18.40. 2,731,391 shares of the stock traded hands, compared to its average volume of 996,168. Invesco Mortgage Capital Inc has a 1 year low of $14.15 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a market capitalization of $2,050.00, a P/E ratio of 11.25 and a beta of 0.86.

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. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Invesco Mortgage Capital’s revenue was up 9.2% on a year-over-year basis.

In other Invesco Mortgage Capital news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the acquisition, the executive vice president now directly owns 17,268 shares in the company, valued at $293,037.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

A number of brokerages recently issued reports on IVR. BidaskClub raised shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.13.

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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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