New England Asset Management Inc. continued to hold its stake in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the real estate investment trust’s stock at the end of the 2nd quarter. New England Asset Management Inc.’s holdings in INVESCO MORTGAGE CAPITAL INC were worth $251,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in INVESCO MORTGAGE CAPITAL INC by 4.7% in the 2nd quarter. BlackRock Inc. now owns 11,310,533 shares of the real estate investment trust’s stock valued at $189,000,000 after purchasing an additional 507,608 shares during the last quarter. Vanguard Group Inc. lifted its position in INVESCO MORTGAGE CAPITAL INC by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,149,357 shares of the real estate investment trust’s stock valued at $152,886,000 after purchasing an additional 87,633 shares during the last quarter. State Street Corp lifted its position in INVESCO MORTGAGE CAPITAL INC by 5.7% in the 2nd quarter. State Street Corp now owns 2,554,077 shares of the real estate investment trust’s stock valued at $42,678,000 after purchasing an additional 138,635 shares during the last quarter. Prudential Financial Inc. lifted its position in INVESCO MORTGAGE CAPITAL INC by 17.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock valued at $37,007,000 after purchasing an additional 323,130 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in INVESCO MORTGAGE CAPITAL INC by 72.6% in the 1st quarter. Nuveen Asset Management LLC now owns 1,828,167 shares of the real estate investment trust’s stock valued at $28,190,000 after purchasing an additional 768,763 shares during the last quarter. Hedge funds and other institutional investors own 63.36% of the company’s stock.

INVESCO MORTGAGE CAPITAL INC (IVR) traded down 1.32% during mid-day trading on Friday, hitting $17.15. 1,481,426 shares of the company’s stock were exchanged. INVESCO MORTGAGE CAPITAL INC has a 52 week low of $14.15 and a 52 week high of $17.43. The stock has a market capitalization of $1.91 billion, a P/E ratio of 4.09 and a beta of 0.81. The firm has a 50 day moving average of $17.02 and a 200 day moving average of $16.46.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $82.94 million for the quarter, compared to the consensus estimate of $84.50 million. INVESCO MORTGAGE CAPITAL INC had a net margin of 71.92% and a return on equity of 8.97%. During the same quarter in the prior year, the company earned $0.42 EPS. Equities analysts forecast that INVESCO MORTGAGE CAPITAL INC will post $1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Wednesday, September 27th will be given a dividend of $0.41 per share. This is an increase from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $1.64 annualized dividend and a yield of 9.56%. INVESCO MORTGAGE CAPITAL INC’s dividend payout ratio is 37.79%.

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Several analysts recently weighed in on IVR shares. Zacks Investment Research downgraded shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods upgraded shares of INVESCO MORTGAGE CAPITAL INC from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $16.25 to $18.00 in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of INVESCO MORTGAGE CAPITAL INC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.75.

About INVESCO MORTGAGE CAPITAL INC

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.

Institutional Ownership by Quarter for INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

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