Price T Rowe Associates Inc. MD grew its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,541 shares of the real estate investment trust’s stock after purchasing an additional 2,236 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.09% of Invesco Mortgage Capital worth $412,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of IVR. International Assets Investment Management LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter valued at approximately $216,000. Nisa Investment Advisors LLC raised its holdings in Invesco Mortgage Capital by 54.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 64,906 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 22,790 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Invesco Mortgage Capital by 96.4% in the fourth quarter. New York State Common Retirement Fund now owns 21,914 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 10,754 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Invesco Mortgage Capital by 11.7% during the fourth quarter. Wolverine Asset Management LLC now owns 302,600 shares of the real estate investment trust’s stock valued at $2,681,000 after buying an additional 31,711 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Invesco Mortgage Capital by 32.0% during the 4th quarter. Truist Financial Corp now owns 39,763 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 9,637 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on IVR shares. Janney Montgomery Scott started coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $10.00 price target for the company. StockNews.com downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Monday.
Check Out Our Latest Report on IVR
Invesco Mortgage Capital Price Performance
Shares of NYSE:IVR opened at $8.71 on Thursday. The business has a fifty day moving average price of $9.15 and a 200-day moving average price of $9.03. The company has a market capitalization of $425.03 million, a PE ratio of -12.44 and a beta of 1.90. Invesco Mortgage Capital Inc. has a 1-year low of $6.34 and a 1-year high of $11.44.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $68.03 million for the quarter, compared to the consensus estimate of $9.27 million. Invesco Mortgage Capital had a negative net margin of 2.96% and a positive return on equity of 62.02%. During the same period in the prior year, the firm posted $1.45 EPS. On average, sell-side analysts anticipate that Invesco Mortgage Capital Inc. will post 3.58 earnings per share for the current fiscal year.
Invesco Mortgage Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 18.38%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -228.57%.
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.
See Also
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