Invesco Mortgage Capital Inc $IVR Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,073,203 shares of the real estate investment trust’s stock after purchasing an additional 102,772 shares during the quarter. Van ECK Associates Corp owned about 1.00% of Invesco Mortgage Capital worth $8,478,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IVR. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Mortgage Capital by 4,329.2% in the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 period. Jane Street Group LLC acquired a new position in Invesco Mortgage Capital during the first quarter worth about $144,000. Strs Ohio bought a new stake in Invesco Mortgage Capital in the first quarter worth about $82,000. Finally, Envestnet Asset Management Inc. raised its position in Invesco Mortgage Capital by 63.1% in the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 8,553 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IVR. Zacks Research lowered shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. UBS Group set a $7.75 target price on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Trading Down 1.4%

NYSE:IVR opened at $7.21 on Wednesday. The business’s fifty day moving average price is $7.65 and its 200 day moving average price is $7.97. The firm has a market capitalization of $776.08 million, a price-to-earnings ratio of 4.87 and a beta of 1.62. Invesco Mortgage Capital Inc has a 1-year low of $7.10 and a 1-year high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. Equities analysts forecast that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 20.0%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio 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.