JPMorgan Chase & Co. Boosts Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

JPMorgan Chase & Co. increased its position in Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 134.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,974 shares of the real estate investment trust's stock after buying an additional 81,477 shares during the period. JPMorgan Chase & Co. owned about 0.23% of Invesco Mortgage Capital worth $1,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IVR. The Manufacturers Life Insurance Company increased its stake in shares of Invesco Mortgage Capital by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust's stock valued at $167,000 after acquiring an additional 1,360 shares during the last quarter. Verition Fund Management LLC grew its holdings in Invesco Mortgage Capital by 6.1% in 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 period. McIlrath & Eck LLC acquired a new position in Invesco Mortgage Capital during the third quarter worth approximately $62,000. Zacks Investment Management purchased a new position in Invesco Mortgage Capital during the third quarter worth approximately $94,000. Finally, State Street Corp boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Trading Up 0.5 %

IVR traded up $0.04 during trading on Friday, hitting $8.13. 1,471,486 shares of the company's stock were exchanged, compared to its average volume of 1,326,314. Invesco Mortgage Capital Inc. has a 1 year low of $7.47 and a 1 year high of $9.97. The stock has a 50 day moving average price of $8.22 and a 200 day moving average price of $8.59. The firm has a market cap of $493.73 million, a P/E ratio of 6.78 and a beta of 1.86.

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 for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The business had revenue of $73.83 million for the quarter, compared to analysts' expectations of $12.38 million. During the same period last year, the company posted $1.51 earnings per share. Analysts forecast that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, December 30th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 19.68%. Invesco Mortgage Capital's payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IVR shares. JMP Securities restated a "market perform" rating on shares of Invesco Mortgage Capital in a report on Thursday. StockNews.com upgraded Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a research note on Monday, October 7th.

Invesco Mortgage Capital 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.