INVESCO MORTGAGE CAPITAL INC $IVR Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,863 shares of the real estate investment trust’s stock after purchasing an additional 2,260 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of INVESCO MORTGAGE CAPITAL worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of INVESCO MORTGAGE CAPITAL by 7.5% during the first quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust’s stock worth $27,091,000 after acquiring an additional 239,579 shares during the last quarter. Invesco Ltd. grew its position in shares of INVESCO MORTGAGE CAPITAL by 1.6% during the first quarter. Invesco Ltd. now owns 2,363,174 shares of the real estate investment trust’s stock worth $18,645,000 after acquiring an additional 38,354 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of INVESCO MORTGAGE CAPITAL by 151.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,295,263 shares of the real estate investment trust’s stock worth $10,220,000 after acquiring an additional 780,225 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of INVESCO MORTGAGE CAPITAL during the first quarter worth approximately $6,996,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of INVESCO MORTGAGE CAPITAL by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 505,059 shares of the real estate investment trust’s stock worth $3,985,000 after acquiring an additional 31,382 shares during the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IVR shares. Zacks Research upgraded shares of INVESCO MORTGAGE CAPITAL to a “hold” rating in a research report on Monday, August 11th. UBS Group lifted their price objective on shares of INVESCO MORTGAGE CAPITAL from $7.25 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.50.

INVESCO MORTGAGE CAPITAL Price Performance

NYSE IVR opened at $7.35 on Monday. INVESCO MORTGAGE CAPITAL INC has a 12 month low of $5.86 and a 12 month high of $9.42. The company has a 50-day moving average of $7.64 and a 200-day moving average of $7.62. The company has a market cap of $487.38 million, a P/E ratio of 18.38 and a beta of 1.76.

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

INVESCO MORTGAGE CAPITAL Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 18.5%. INVESCO MORTGAGE CAPITAL’s dividend payout ratio is currently 340.00%.

INVESCO MORTGAGE CAPITAL Company 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.