Capital Fund Management S.A. purchased a new stake in Invesco Mortgage Capital Inc (NYSE:IVR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,700 shares of the real estate investment trust’s stock, valued at approximately $583,000.
A number of other institutional investors have also recently bought and sold shares of IVR. Public Employees Retirement System of Ohio raised its holdings in Invesco Mortgage Capital by 5.7% in the 2nd 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 acquiring an additional 488 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $172,000. First Allied Advisory Services Inc. acquired a new position in Invesco Mortgage Capital in the 4th quarter valued at approximately $203,000. Stevens Capital Management LP acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $204,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $213,000. 72.74% of the stock is owned by hedge funds and other institutional investors.
Invesco Mortgage Capital Inc (IVR) opened at $15.92 on Friday. Invesco Mortgage Capital Inc has a twelve month low of $14.72 and a twelve month high of $18.86. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1,780.00, a P/E ratio of 5.77 and a beta of 0.67.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th were issued a $0.42 dividend. The ex-dividend date was Friday, December 22nd. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.55%. Invesco Mortgage Capital’s dividend payout ratio is presently 60.87%.
Several equities analysts have commented on the company. Credit Suisse Group cut Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their price target for the company from $17.74 to $18.00 in a report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.08.
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Invesco Mortgage Capital 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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