Vanguard Group Inc. Boosts Stock Holdings in INVESCO MORTGAGE CAPITAL INC $IVR

Vanguard Group Inc. increased its stake in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,433,563 shares of the real estate investment trust’s stock after purchasing an additional 239,579 shares during the period. Vanguard Group Inc. owned approximately 5.26% of INVESCO MORTGAGE CAPITAL worth $27,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IVR. Rhumbline Advisers increased its holdings in INVESCO MORTGAGE CAPITAL by 2.7% in the 1st quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 2,260 shares in the last quarter. Deutsche Bank AG raised its position in INVESCO MORTGAGE CAPITAL by 76.2% during the fourth quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 20,038 shares during the period. Bank of America Corp DE raised its position in INVESCO MORTGAGE CAPITAL by 32.3% during the fourth quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 14,897 shares during the period. Cetera Investment Advisers boosted its position in shares of INVESCO MORTGAGE CAPITAL by 19.6% during the fourth quarter. Cetera Investment Advisers now owns 127,088 shares of the real estate investment trust’s stock valued at $1,023,000 after buying an additional 20,788 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of INVESCO MORTGAGE CAPITAL during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

INVESCO MORTGAGE CAPITAL Price Performance

Shares of NYSE IVR opened at $7.75 on Thursday. The company has a market capitalization of $514.17 million, a PE ratio of 19.39 and a beta of 1.70. INVESCO MORTGAGE CAPITAL INC has a 12-month low of $5.86 and a 12-month high of $9.42. The firm’s 50-day moving average is $7.67 and its two-hundred day moving average is $7.75.

INVESCO MORTGAGE CAPITAL (NYSE:IVR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $17.73 million during the quarter, compared to the consensus estimate of $45.93 million. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. On average, 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 announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 17.5%. The ex-dividend date was Monday, July 7th. INVESCO MORTGAGE CAPITAL’s dividend payout ratio (DPR) is presently 340.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IVR. Wall Street Zen cut shares of INVESCO MORTGAGE CAPITAL from a “hold” rating to a “sell” rating in a research report on Friday, May 9th. Zacks Research upgraded INVESCO MORTGAGE CAPITAL to a “hold” rating in a research report on Monday, August 11th. Finally, UBS Group boosted their price objective on INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, INVESCO MORTGAGE CAPITAL has a consensus rating of “Hold” and an average price target of $7.25.

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.