Stevens Capital Management LP Acquires New Stake in Invesco Mortgage Capital Inc (IVR)
Stevens Capital Management LP acquired a new stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,890 shares of the real estate investment trust’s stock, valued at approximately $204,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVR. Public Employees Retirement System of Ohio increased its position in shares of Invesco Mortgage Capital by 5.7% during the second quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 488 shares during the period. Investment Centers of America Inc. bought a new stake in shares of Invesco Mortgage Capital during the second quarter valued at approximately $180,000. Atlantic Trust Group LLC bought a new stake in shares of Invesco Mortgage Capital during the second quarter valued at approximately $211,000. West Family Investments Inc. bought a new stake in shares of Invesco Mortgage Capital during the second quarter valued at approximately $231,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Invesco Mortgage Capital by 451.8% during the second quarter. BNP Paribas Arbitrage SA now owns 13,801 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 11,300 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Shares of Invesco Mortgage Capital Inc (NYSE:IVR) opened at $18.13 on Wednesday. Invesco Mortgage Capital Inc has a 1 year low of $14.15 and a 1 year high of $18.14. The firm has a market capitalization of $2,020.00, a price-to-earnings ratio of 11.19 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 (NYSE:IVR) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The firm had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.85 million. During the same period in the prior year, the business posted $0.41 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.05%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, September 26th. Invesco Mortgage Capital’s dividend payout ratio is 51.57%.
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 cost of $16.97 per share, for a total transaction of $33,940.00. Following the completion of the transaction, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
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A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. BidaskClub upgraded Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.13.
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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