Wolverine Asset Management LLC bought a new stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 106,658 shares of the real estate investment trust's stock, valued at approximately $1,002,000. Wolverine Asset Management LLC owned approximately 0.19% of Invesco Mortgage Capital at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Invesco Mortgage Capital by 4.0% during the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust's stock valued at $24,125,000 after buying an additional 96,117 shares during the period. Renaissance Technologies LLC lifted its position in Invesco Mortgage Capital by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 841,852 shares of the real estate investment trust's stock valued at $7,888,000 after acquiring an additional 23,900 shares during the period. Van ECK Associates Corp boosted its stake in Invesco Mortgage Capital by 7.0% during the third quarter. Van ECK Associates Corp now owns 491,433 shares of the real estate investment trust's stock worth $4,615,000 after acquiring an additional 32,359 shares in the last quarter. PL Capital Advisors LLC grew its holdings in Invesco Mortgage Capital by 100.0% in the third quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust's stock worth $3,756,000 after purchasing an additional 200,000 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Invesco Mortgage Capital by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 168,212 shares of the real estate investment trust's stock valued at $1,576,000 after purchasing an additional 28,970 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company's stock.
Invesco Mortgage Capital Price Performance
NYSE IVR traded down $0.04 during mid-day trading on Wednesday, reaching $8.23. The stock had a trading volume of 1,043,894 shares, compared to its average volume of 1,093,396. The company has a fifty day moving average price of $8.66 and a 200 day moving average price of $8.93. Invesco Mortgage Capital Inc. has a 1 year low of $7.60 and a 1 year high of $9.97. The stock has a market cap of $499.50 million, a PE ratio of 6.85 and a beta of 1.90.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same period in the previous year, the company earned $1.51 earnings per share. As a group, equities research analysts expect that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.
Invesco Mortgage Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.60 annualized dividend and a dividend yield of 19.45%. Invesco Mortgage Capital's payout ratio is 133.33%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on IVR shares. JMP Securities reaffirmed a "market perform" rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com upgraded Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a report on Monday, October 7th.
Check Out Our Latest Stock Analysis on Invesco Mortgage Capital
Invesco Mortgage Capital Profile
(
Free Report)
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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