Janney Montgomery Scott LLC raised its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 24.9% during the second quarter, Holdings Channel reports. The firm owned 16,769 shares of the real estate investment trust’s stock after buying an additional 3,339 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco Mortgage Capital were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IVR. State Street Corp raised its stake in Invesco Mortgage Capital by 1.7% in the first quarter. State Street Corp now owns 2,774,626 shares of the real estate investment trust’s stock worth $33,797,000 after buying an additional 47,397 shares during the period. Prudential Financial Inc. raised its stake in shares of Invesco Mortgage Capital by 19.1% in the first quarter. Prudential Financial Inc. now owns 1,366,791 shares of the real estate investment trust’s stock valued at $16,647,000 after buying an additional 218,870 shares during the last quarter. Norges Bank purchased a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at $14,219,000. Goldman Sachs Group Inc. raised its stake in shares of Invesco Mortgage Capital by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 929,875 shares of the real estate investment trust’s stock valued at $11,326,000 after buying an additional 179,841 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the first quarter valued at $8,275,000. 63.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco Mortgage Capital Inc. (NYSE:IVR) traded up 0.32% during trading on Tuesday, reaching $15.57. The company’s stock had a trading volume of 553,230 shares. Invesco Mortgage Capital Inc. has a 52-week low of $9.74 and a 52-week high of $16.28. The company’s market cap is $1.74 billion. The firm’s 50-day moving average is $15.45 and its 200 day moving average is $13.88.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, September 27th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.60 annualized dividend and a yield of 10.28%. Invesco Mortgage Capital’s dividend payout ratio is -86.02%.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods set a $16.30 price objective on Invesco Mortgage Capital and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research lowered Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Nomura reissued an “in-line” rating and set a $17.00 price objective (up previously from $16.00) on shares of Invesco Mortgage Capital in a report on Monday, August 8th. Barclays PLC lifted their price objective on Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 9th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $16.50 price objective on shares of Invesco Mortgage Capital in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.85.

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

Invesco Mortgage Capital Company Profile

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