Bailard Inc. purchased a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 64,450 shares of the real estate investment trust’s stock, valued at approximately $1,149,000. Bailard Inc. owned 0.06% of Invesco Mortgage Capital as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of IVR. Public Employees Retirement System of Ohio raised its stake in Invesco Mortgage Capital by 5.7% during 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 buying an additional 488 shares during the period. ETRADE Capital Management LLC acquired a new position in Invesco Mortgage Capital during the 3rd quarter worth approximately $172,000. Stevens Capital Management LP acquired a new position in Invesco Mortgage Capital during the 3rd quarter worth approximately $204,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Invesco Mortgage Capital during the 3rd quarter worth approximately $213,000. Finally, CIBC Asset Management Inc acquired a new position in Invesco Mortgage Capital during the 4th quarter worth approximately $256,000. 63.87% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Credit Suisse Group downgraded Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $17.74 to $18.00 in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.08.
Invesco Mortgage Capital Inc (NYSE:IVR) opened at $16.35 on Friday. Invesco Mortgage Capital Inc has a 52 week low of $14.72 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 $1,810.00, a P/E ratio of 5.14 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th were paid a $0.42 dividend. The ex-dividend date was Friday, December 22nd. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 10.28%. Invesco Mortgage Capital’s dividend payout ratio is 52.83%.
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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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