Acrospire Investment Management LLC boosted its position in Invesco Mortgage Capital Inc. (NYSE:IVR) by 60.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the period. Acrospire Investment Management LLC’s holdings in Invesco Mortgage Capital were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IVR. Acadian Asset Management LLC bought a new position in shares of Invesco Mortgage Capital during the second quarter worth $114,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Invesco Mortgage Capital during the second quarter worth $125,000. BlackRock Inc. raised its position in shares of Invesco Mortgage Capital by 58.5% in the first quarter. BlackRock Inc. now owns 11,668 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 4,308 shares during the period. IFP Advisors Inc raised its position in shares of Invesco Mortgage Capital by 4.6% in the first quarter. IFP Advisors Inc now owns 14,549 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 634 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its position in shares of Invesco Mortgage Capital by 2.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,231 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 63.07% of the company’s stock.

Invesco Mortgage Capital Inc. (NYSE:IVR) traded up 0.6218% during midday trading on Tuesday, reaching $15.6165. 248,161 shares of the company traded hands. The stock’s market capitalization is $1.74 billion. The firm has a 50 day moving average of $15.45 and a 200-day moving average of $13.88. Invesco Mortgage Capital Inc. has a 12 month low of $9.74 and a 12 month high of $16.28.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Invesco Mortgage Capital had a negative net margin of 34.78% and a positive return on equity of 9.86%. The business had revenue of $79.24 million for the quarter, compared to analyst estimates of $72.22 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. Analysts forecast that Invesco Mortgage Capital Inc. will post $1.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, September 27th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.31%. Invesco Mortgage Capital’s dividend payout ratio is currently -86.02%.

IVR has been the topic of a number of research analyst reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $16.50 price target on shares of Invesco Mortgage Capital in a report on Friday, September 9th. Zacks Investment Research upgraded shares of Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, July 14th. Keefe, Bruyette & Woods set a $16.30 price target on shares of Invesco Mortgage Capital and gave the company a “buy” rating in a report on Tuesday, August 9th. Barclays PLC lifted their price target on shares of Invesco Mortgage Capital from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, August 9th. Finally, Nomura reiterated an “in-line” rating and issued a $17.00 price target (up previously from $16.00) on shares of Invesco Mortgage Capital in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Invesco Mortgage Capital presently has an average rating of “Hold” and an average price target of $15.85.

In other news, insider John Anzalone purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $46,140.00. Following the completion of the acquisition, the insider now directly owns 57,107 shares of the company’s stock, valued at $878,305.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. King purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $15.38 per share, for a total transaction of $76,900.00. Following the acquisition, the chief executive officer now directly owns 114,402 shares of the company’s stock, valued at $1,759,502.76. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Invesco Mortgage Capital Company Profile

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