PVG Asset Management Corp Acquires New Holdings in Invesco Mortgage Capital Inc $IVR

PVG Asset Management Corp bought a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 128,660 shares of the real estate investment trust’s stock, valued at approximately $1,037,000. PVG Asset Management Corp owned 0.14% of Invesco Mortgage Capital at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Invesco Mortgage Capital in the fourth quarter valued at $28,000. Kestra Advisory Services LLC acquired a new stake in Invesco Mortgage Capital in the fourth quarter valued at $33,000. Caption Management LLC bought a new position in Invesco Mortgage Capital during the 4th quarter worth $43,000. Finally, Comerica Bank raised its position in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,839 shares during the last quarter. 40.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on IVR. Zacks Research upgraded Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings downgraded Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Stock Up 0.2%

IVR stock opened at $7.42 on Monday. The firm has a market cap of $689.19 million, a price-to-earnings ratio of 5.02 and a beta of 1.60. The company’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $8.21. Invesco Mortgage Capital Inc has a 12-month low of $7.10 and a 12-month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. Research analysts expect that Invesco Mortgage Capital Inc will post 2.01 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, July 27th. This represents a c) annualized dividend and a yield of 19.4%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 97.30%.

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.