EMG Holdings L.P. Makes New Investment in Invesco Mortgage Capital Inc. (NYSE:IVR)

EMG Holdings L.P. acquired a new stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 150,817 shares of the real estate investment trust's stock, valued at approximately $1,214,000. Invesco Mortgage Capital accounts for 0.7% of EMG Holdings L.P.'s portfolio, making the stock its 18th biggest position. EMG Holdings L.P. owned about 0.25% of Invesco Mortgage Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Invesco Mortgage Capital during the third quarter worth approximately $121,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Invesco Mortgage Capital by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,296 shares of the real estate investment trust's stock worth $4,012,000 after acquiring an additional 15,503 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Invesco Mortgage Capital by 136.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 113,355 shares of the real estate investment trust's stock worth $1,064,000 after purchasing an additional 65,409 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 6.1% during the third quarter. Verition Fund Management LLC now owns 69,752 shares of the real estate investment trust's stock valued at $655,000 after purchasing an additional 4,002 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Invesco Mortgage Capital by 1.3% in the 3rd quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust's stock valued at $9,517,000 after purchasing an additional 12,557 shares during the period. Institutional investors own 40.54% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Invesco Mortgage Capital Trading Down 7.4 %

NYSE:IVR traded down $0.59 on Friday, hitting $7.30. 4,493,662 shares of the company's stock traded hands, compared to its average volume of 1,326,299. The company has a market cap of $476.17 million, a PE ratio of 11.22 and a beta of 1.43. Invesco Mortgage Capital Inc. has a 1 year low of $7.14 and a 1 year high of $9.97. The firm has a 50-day moving average price of $8.51 and a 200-day moving average price of $8.44.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.21). Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. The company had revenue of $13.68 million during the quarter, compared to analyst estimates of $50.18 million. On average, research analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 18.64%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital's payout ratio is currently 209.23%.

Invesco Mortgage Capital Company Profile

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.