Cetera Investment Advisers Grows Holdings in Invesco Mortgage Capital Inc $IVR

Cetera Investment Advisers raised its stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 42.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,010 shares of the real estate investment trust’s stock after buying an additional 57,365 shares during the period. Cetera Investment Advisers owned about 0.29% of Invesco Mortgage Capital worth $1,521,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Jupiter Asset Management Ltd. purchased a new position in Invesco Mortgage Capital in the first quarter worth $6,996,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 purchasing an additional 780,225 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Invesco Mortgage Capital by 134.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 964,658 shares of the real estate investment trust’s stock worth $7,563,000 after purchasing an additional 553,495 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust’s stock worth $27,091,000 after purchasing an additional 239,579 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Invesco Mortgage Capital during the 1st quarter valued at about $1,068,000. 40.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on IVR shares. Zacks Research upgraded Invesco Mortgage Capital to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a report on Monday, November 24th. UBS Group upped 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 note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Invesco Mortgage Capital presently has a consensus rating of “Reduce” and a consensus target price of $7.50.

Invesco Mortgage Capital Stock Down 0.2%

NYSE:IVR opened at $8.19 on Tuesday. The firm has a market capitalization of $580.83 million, a P/E ratio of 20.47 and a beta of 1.77. The company has a fifty day moving average of $7.57 and a 200 day moving average of $7.62. Invesco Mortgage Capital Inc has a 52 week low of $5.86 and a 52 week high of $9.06.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. Invesco Mortgage Capital had a net margin of 13.77% and a return on equity of 30.04%. As a group, analysts anticipate that Invesco Mortgage Capital Inc will post 2.49 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Monday, October 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $1.36 dividend on an annualized basis and a yield of 16.6%. Invesco Mortgage Capital’s dividend payout ratio is presently 266.67%.

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.