Firethorn Wealth Partners LLC Cuts Stake in Invesco Mortgage Capital Inc $IVR

Firethorn Wealth Partners LLC lessened its stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 14.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 57,602 shares of the real estate investment trust’s stock after selling 9,583 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Invesco Mortgage Capital were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVR. PNC Financial Services Group Inc. grew its stake in Invesco Mortgage Capital by 59.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,757 shares during the last quarter. Strs Ohio purchased a new position in Invesco Mortgage Capital in the first quarter valued at about $82,000. Russell Investments Group Ltd. grew its stake in Invesco Mortgage Capital by 31.0% in the first quarter. Russell Investments Group Ltd. now owns 11,989 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 2,835 shares during the last quarter. Entropy Technologies LP purchased a new position in Invesco Mortgage Capital in the first quarter valued at about $99,000. Finally, Vident Advisory LLC purchased a new position in Invesco Mortgage Capital in the first quarter valued at about $112,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock opened at $7.79 on Friday. Invesco Mortgage Capital Inc has a fifty-two week low of $5.86 and a fifty-two week high of $9.16. The firm has a market capitalization of $516.22 million, a price-to-earnings ratio of 19.46 and a beta of 1.74. The stock’s 50-day simple moving average is $7.65 and its 200-day simple moving average is $7.55.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%.The business had revenue of $17.73 million for the quarter, compared to analyst estimates of $45.93 million. As a group, equities analysts forecast that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Monday, October 6th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.5%. Invesco Mortgage Capital’s payout ratio is 340.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group lifted their target price on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Zacks Research upgraded Invesco Mortgage Capital to a “hold” rating in a research note on Monday, August 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Saturday, September 27th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $7.50.

About Invesco Mortgage Capital

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.