Ieq Capital LLC Takes Position in Invesco Mortgage Capital Inc $IVR

Ieq Capital LLC acquired a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 130,496 shares of the real estate investment trust’s stock, valued at approximately $1,031,000. Ieq Capital LLC owned about 0.12% of Invesco Mortgage Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVR. Jones Financial Companies Lllp grew its position in Invesco Mortgage Capital by 4,329.2% in the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 16,624 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco Mortgage Capital by 9.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after purchasing an additional 31,410 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco Mortgage Capital during the 1st quarter valued at $144,000. Strs Ohio bought a new position in shares of Invesco Mortgage Capital during the 1st quarter valued at $82,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco Mortgage Capital by 63.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 8,553 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Down 0.8%

NYSE:IVR opened at $7.38 on Thursday. The company’s 50 day moving average is $7.70 and its 200-day moving average is $8.01. Invesco Mortgage Capital Inc has a 12 month low of $7.10 and a 12 month high of $9.50. The firm has a market cap of $794.38 million, a price-to-earnings ratio of 4.99 and a beta of 1.60.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The business had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. Research analysts predict that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 19.5%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio is 97.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.