Inspire Investing LLC raised its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,042 shares of the real estate investment trust’s stock after buying an additional 21,450 shares during the quarter. Inspire Investing LLC’s holdings in Invesco Mortgage Capital were worth $236,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis acquired a new stake in shares of Invesco Mortgage Capital in the second quarter worth approximately $39,000. Ellevest Inc. purchased a new position in Invesco Mortgage Capital during the third quarter worth approximately $34,000. WINTON GROUP Ltd acquired a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at $45,000. Private Advisor Group LLC purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at $45,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the 3rd quarter valued at $39,000. 53.59% of the stock is owned by institutional investors.
In related news, President Kevin M. Collins acquired 9,000 shares of Invesco Mortgage Capital stock in a transaction on Wednesday, December 1st. The shares were bought at an average price of $2.96 per share, for a total transaction of $26,640.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 15,236 shares of company stock worth $46,396 over the last three months. 0.18% of the stock is currently owned by corporate insiders.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Invesco Mortgage Capital had a net margin of 60.02% and a return on equity of 15.62%. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, analysts expect that Invesco Mortgage Capital Inc. will post 0.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 27th. Investors of record on Tuesday, January 11th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, January 10th. This represents a $0.36 annualized dividend and a yield of 12.81%. Invesco Mortgage Capital’s dividend payout ratio is currently 109.09%.
Separately, Zacks Investment Research upgraded Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday.
Invesco Mortgage Capital Profile
Invesco Mortgage Capital, Inc is a holding company, which engages in investing, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The firm primarily invests in the following: residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), non-agency RMBS, non-agency CMBS, credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises, residential and commercial mortgage loans, and other real estate-related financing arrangements.
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