Rothschild Asset Management Inc. Takes Position in Invesco Mortgage Capital Inc (IVR)
Rothschild Asset Management Inc. bought a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 662,088 shares of the real estate investment trust’s stock, valued at approximately $11,342,000. Rothschild Asset Management Inc. owned about 0.59% of Invesco Mortgage Capital at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Systematic Financial Management LP bought a new position in Invesco Mortgage Capital during the third quarter worth about $1,550,000. Dynamic Technology Lab Private Ltd bought a new position in Invesco Mortgage Capital during the third quarter worth about $355,000. Cipher Capital LP boosted its holdings in Invesco Mortgage Capital by 45.1% during the third quarter. Cipher Capital LP now owns 330,514 shares of the real estate investment trust’s stock worth $5,662,000 after buying an additional 102,704 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in Invesco Mortgage Capital by 3.5% during the third quarter. ClariVest Asset Management LLC now owns 484,225 shares of the real estate investment trust’s stock worth $8,294,000 after buying an additional 16,200 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Invesco Mortgage Capital during the third quarter worth about $837,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Several equities analysts have recently weighed in on IVR shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. BidaskClub upgraded Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.13.
In related news, EVP David B. Lyle purchased 2,000 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $16.97 per share, with a total value of $33,940.00. Following the transaction, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at $293,037.96. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
Shares of Invesco Mortgage Capital Inc (NYSE IVR) opened at $18.02 on Friday. The company has a market capitalization of $2,010.00, a P/E ratio of 11.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01. Invesco Mortgage Capital Inc has a 12 month low of $14.15 and a 12 month high of $18.23.
Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th were paid a $0.41 dividend. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, September 26th. This represents a $1.64 annualized dividend and a yield of 9.10%. Invesco Mortgage Capital’s payout ratio is presently 51.57%.
Invesco Mortgage Capital Company Profile
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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