INVESCO MORTGAGE CAPITAL INC (IVR) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. boosted its holdings in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) by 40.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 325,553 shares of the real estate investment trust’s stock after acquiring an additional 93,210 shares during the quarter. Alliancebernstein L.P. owned 0.29% of INVESCO MORTGAGE CAPITAL INC worth $5,440,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in IVR. Wells Fargo & Company MN raised its holdings in shares of INVESCO MORTGAGE CAPITAL INC by 61.0% in the 2nd quarter. Wells Fargo & Company MN now owns 591,120 shares of the real estate investment trust’s stock valued at $9,877,000 after acquiring an additional 223,934 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of INVESCO MORTGAGE CAPITAL INC during the 2nd quarter valued at about $1,025,000. Private Advisor Group LLC boosted its position in shares of INVESCO MORTGAGE CAPITAL INC by 1.7% during the 2nd quarter. Private Advisor Group LLC now owns 40,603 shares of the real estate investment trust’s stock valued at $673,000 after acquiring an additional 675 shares during the last quarter. LSV Asset Management bought a new stake in shares of INVESCO MORTGAGE CAPITAL INC during the 2nd quarter valued at about $3,194,000. Finally, Atlantic Trust Group LLC bought a new stake in shares of INVESCO MORTGAGE CAPITAL INC during the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 63.36% of the company’s stock.
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Several research analysts recently weighed in on the stock. Zacks Investment Research cut 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 raised shares of INVESCO MORTGAGE CAPITAL INC from a “market perform” rating to an “outperform” rating and raised their target price for the company from $16.25 to $18.00 in a research note on Monday, July 17th. Finally, BidaskClub lowered shares of INVESCO MORTGAGE CAPITAL INC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. INVESCO MORTGAGE CAPITAL INC has a consensus rating of “Buy” and an average target price of $17.81.
Shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) opened at 17.13 on Monday. INVESCO MORTGAGE CAPITAL INC has a 52-week low of $14.15 and a 52-week high of $17.34. The stock has a market cap of $1.91 billion, a P/E ratio of 4.09 and a beta of 0.81. The firm’s 50-day moving average price is $16.92 and its 200-day moving average price is $16.29.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. INVESCO MORTGAGE CAPITAL INC had a net margin of 71.92% and a return on equity of 8.97%. The firm had revenue of $82.94 million for the quarter, compared to the consensus estimate of $84.50 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Equities analysts predict that INVESCO MORTGAGE CAPITAL INC will post $1.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Wednesday, September 27th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.57%. This is a boost from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, September 26th. INVESCO MORTGAGE CAPITAL INC’s dividend payout ratio (DPR) is presently 37.79%.
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.
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