Invesco Mortgage Capital Inc (IVR) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System grew its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461,677 shares of the real estate investment trust’s stock after acquiring an additional 19,754 shares during the period. California Public Employees Retirement System’s holdings in Invesco Mortgage Capital were worth $8,232,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of IVR. Rothschild Asset Management Inc. bought a new stake in shares of Invesco Mortgage Capital during the third quarter valued at approximately $11,342,000. Chicago Equity Partners LLC raised its stake in shares of Invesco Mortgage Capital by 422.0% during the third quarter. Chicago Equity Partners LLC now owns 432,145 shares of the real estate investment trust’s stock valued at $7,403,000 after acquiring an additional 349,365 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco Mortgage Capital by 49.3% during the third quarter. Wells Fargo & Company MN now owns 882,475 shares of the real estate investment trust’s stock valued at $15,117,000 after acquiring an additional 291,355 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Invesco Mortgage Capital by 104.3% during the fourth quarter. APG Asset Management N.V. now owns 387,800 shares of the real estate investment trust’s stock valued at $5,758,000 after acquiring an additional 198,000 shares in the last quarter. Finally, Price Capital Management Inc. bought a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $3,530,000. 72.74% of the stock is owned by hedge funds and other institutional investors.
Separately, Credit Suisse Group downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $17.74 to $18.00 in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Invesco Mortgage Capital has an average rating of “Buy” and an average target price of $18.08.
Shares of Invesco Mortgage Capital Inc (NYSE:IVR) opened at $15.55 on Monday. The firm has a market cap of $1,735.75, a P/E ratio of 5.65 and a beta of 0.70. Invesco Mortgage Capital Inc has a 12 month low of $14.72 and a 12 month high of $18.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $93.04 million during the quarter, compared to the consensus estimate of $71.20 million. Invesco Mortgage Capital had a net margin of 56.83% and a return on equity of 9.56%. Invesco Mortgage Capital’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
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About Invesco Mortgage Capital
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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