Invesco Mortgage Capital Inc (NYSE:IVR) Position Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 552,280 shares of the real estate investment trust’s stock after purchasing an additional 5,620 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Invesco Mortgage Capital were worth $8,726,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Invesco Mortgage Capital by 93.7% in the fourth quarter. Bank of Montreal Can now owns 9,648 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,668 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Invesco Mortgage Capital by 32.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,970 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,692 shares during the period. Rhumbline Advisers grew its position in shares of Invesco Mortgage Capital by 20.9% during the 4th quarter. Rhumbline Advisers now owns 334,293 shares of the real estate investment trust’s stock worth $4,841,000 after buying an additional 57,791 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Invesco Mortgage Capital by 9.1% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 106,893 shares of the real estate investment trust’s stock worth $1,548,000 after buying an additional 8,925 shares during the period. Finally, TD Asset Management Inc. acquired a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth approximately $654,000. 69.10% of the stock is currently owned by institutional investors.
Separately, Barclays reiterated a “hold” rating and set a $15.00 price target on shares of Invesco Mortgage Capital in a research report on Sunday, February 24th.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.44 by $0.03. Invesco Mortgage Capital had a net margin of 1.81% and a return on equity of 12.09%. The company had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $71.30 million. During the same quarter in the previous year, the company earned $0.45 EPS. Invesco Mortgage Capital’s revenue was down 12.9% on a year-over-year basis.
In related news, Director John Day sold 12,172 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.01, for a total transaction of $194,873.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David B. Lyle acquired 7,232 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $16.04 per share, with a total value of $116,001.28. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 8,364 shares of company stock valued at $134,465. 0.26% of the stock is owned by corporate insiders.
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Invesco Mortgage Capital 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 other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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