Flinton Capital Management LLC Takes Position in Invesco Mortgage Capital Inc (IVR)
Flinton Capital Management LLC purchased a new stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,856 shares of the real estate investment trust’s stock, valued at approximately $143,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. United Services Automobile Association lifted its holdings in shares of Invesco Mortgage Capital by 8.7% in the fourth quarter. United Services Automobile Association now owns 219,602 shares of the real estate investment trust’s stock worth $3,180,000 after buying an additional 17,568 shares in the last quarter. Bessemer Group Inc. raised its stake in Invesco Mortgage Capital by 21.5% in the fourth quarter. Bessemer Group Inc. now owns 20,290 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 3,590 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Invesco Mortgage Capital by 4.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 147,001 shares of the real estate investment trust’s stock valued at $1,966,000 after purchasing an additional 5,829 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in Invesco Mortgage Capital in the fourth quarter valued at approximately $161,000. Finally, Burney Co. raised its stake in Invesco Mortgage Capital by 0.8% in the fourth quarter. Burney Co. now owns 83,316 shares of the real estate investment trust’s stock valued at $1,206,000 after purchasing an additional 702 shares in the last quarter. 58.52% of the stock is currently owned by institutional investors and hedge funds.
Separately, Barclays reaffirmed a “hold” rating and issued a $15.00 target price on shares of Invesco Mortgage Capital in a research note on Sunday, February 24th.
Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $143.89 million for the quarter, compared to the consensus estimate of $63.80 million. Invesco Mortgage Capital had a negative net margin of 9.79% and a positive return on equity of 11.98%. During the same period last year, the firm posted $0.47 earnings per share.
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Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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