Ameritas Investment Partners Inc. Continues to Hold Stake in Invesco Mortgage Capital Inc (IVR)
Ameritas Investment Partners Inc. maintained its position in Invesco Mortgage Capital Inc (NYSE:IVR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,724 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in Invesco Mortgage Capital were worth $162,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC boosted its holdings in Invesco Mortgage Capital by 11.7% in the second quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after purchasing an additional 14,128 shares during the period. PNC Financial Services Group Inc. lifted its stake in Invesco Mortgage Capital by 203.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 9,000 shares during the last quarter. Prudential Financial Inc. lifted its stake in Invesco Mortgage Capital by 17.1% in the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock valued at $37,007,000 after buying an additional 323,130 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Invesco Mortgage Capital by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock valued at $139,731,000 after purchasing an additional 559,928 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Invesco Mortgage Capital by 16.1% during the second quarter. Voya Investment Management LLC now owns 51,280 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 7,101 shares in the last quarter. 63.14% of the stock is owned by institutional investors and hedge funds.
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Shares of Invesco Mortgage Capital Inc (NYSE IVR) opened at $17.00 on Friday. Invesco Mortgage Capital Inc has a fifty-two week low of $14.15 and a fifty-two week high of $18.02. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.90 billion, a PE ratio of 10.81 and a beta of 0.87.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. Invesco Mortgage Capital had a return on equity of 8.97% and a net margin of 71.92%. During the same period last year, the company earned $0.42 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.65%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, September 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 43.85%.
A number of equities analysts recently weighed in on IVR shares. BidaskClub cut Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.75.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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