Wolverine Asset Management LLC Has $9 Million Position in Invesco Mortgage Capital Inc $IVR

Wolverine Asset Management LLC raised its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 23.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,191,069 shares of the real estate investment trust’s stock after purchasing an additional 226,411 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.80% of Invesco Mortgage Capital worth $9,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVR. Geode Capital Management LLC lifted its stake in shares of Invesco Mortgage Capital by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,577,067 shares of the real estate investment trust’s stock worth $12,366,000 after buying an additional 70,151 shares during the last quarter. Cetera Investment Advisers raised its holdings in Invesco Mortgage Capital by 42.0% in the 2nd quarter. Cetera Investment Advisers now owns 194,010 shares of the real estate investment trust’s stock valued at $1,521,000 after acquiring an additional 57,365 shares during the period. Rhumbline Advisers lifted its position in Invesco Mortgage Capital by 2.7% during the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 2,260 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after acquiring an additional 31,410 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Invesco Mortgage Capital by 72.5% during the second quarter. KLP Kapitalforvaltning AS now owns 16,650 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 7,000 shares during the period. 40.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a report on Monday, December 29th. Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Compass Point initiated coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They issued a “buy” rating and a $9.00 target price for the company. Finally, Zacks Research raised shares of Invesco Mortgage Capital from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Performance

Shares of NYSE IVR opened at $9.31 on Friday. The stock has a market capitalization of $660.19 million, a P/E ratio of 18.25 and a beta of 1.71. The stock’s fifty day moving average is $8.25 and its 200 day moving average is $7.82. Invesco Mortgage Capital Inc has a 52 week low of $5.86 and a 52 week high of $9.32.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of ($22.71) million for the quarter, compared to the consensus estimate of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. Equities research analysts forecast that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, January 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, January 26th. This represents a c) annualized dividend and a yield of 15.5%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 282.35%.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.