Jupiter Asset Management Ltd. Invests $7 Million in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

Jupiter Asset Management Ltd. purchased a new position in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 886,738 shares of the real estate investment trust’s stock, valued at approximately $6,996,000. Jupiter Asset Management Ltd. owned approximately 1.36% of INVESCO MORTGAGE CAPITAL as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IVR. GAMMA Investing LLC grew its stake in shares of INVESCO MORTGAGE CAPITAL by 419.4% during the 1st quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,535 shares during the period. BNP Paribas Financial Markets purchased a new stake in INVESCO MORTGAGE CAPITAL during the fourth quarter worth about $50,000. Russell Investments Group Ltd. grew its position in INVESCO MORTGAGE CAPITAL by 55.6% during the fourth quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 3,272 shares during the period. KLP Kapitalforvaltning AS purchased a new position in INVESCO MORTGAGE CAPITAL in the fourth quarter valued at about $81,000. Finally, XTX Topco Ltd acquired a new stake in shares of INVESCO MORTGAGE CAPITAL during the 4th quarter valued at approximately $96,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analyst Ratings Changes

IVR has been the topic of a number of research reports. UBS Group upped their price target on INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the stock a “neutral” rating in a report on Thursday, July 10th. Wall Street Zen lowered INVESCO MORTGAGE CAPITAL from a “hold” rating to a “sell” rating in a report on Friday, May 9th.

INVESCO MORTGAGE CAPITAL Trading Up 0.4%

Shares of IVR opened at $7.58 on Monday. INVESCO MORTGAGE CAPITAL INC has a 12-month low of $5.86 and a 12-month high of $9.42. The stock has a market cap of $499.83 million, a P/E ratio of 18.95 and a beta of 1.70. The company has a 50-day moving average of $7.63 and a two-hundred day moving average of $7.82.

INVESCO MORTGAGE CAPITAL (NYSE:IVR) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $17.73 million during the quarter, compared to the consensus estimate of $45.93 million. INVESCO MORTGAGE CAPITAL had a return on equity of 30.04% and a net margin of 13.77%. As a group, analysts forecast that INVESCO MORTGAGE CAPITAL INC will post 2.49 EPS for the current fiscal year.

INVESCO MORTGAGE CAPITAL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 17.9%. The ex-dividend date was Monday, July 7th. INVESCO MORTGAGE CAPITAL’s dividend payout ratio is currently 340.00%.

INVESCO MORTGAGE CAPITAL Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.