Geode Capital Management LLC Has $12.37 Million Stake in Invesco Mortgage Capital Inc $IVR

Geode Capital Management LLC lifted its stake in Invesco Mortgage Capital Inc (NYSE:IVR) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,577,067 shares of the real estate investment trust’s stock after purchasing an additional 70,151 shares during the period. Geode Capital Management LLC owned 2.39% of Invesco Mortgage Capital worth $12,366,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Bogart Wealth LLC lifted its holdings in Invesco Mortgage Capital by 103.9% during the 2nd quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,400 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco Mortgage Capital by 59.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 2,757 shares during the last quarter. Strs Ohio acquired a new position in shares of Invesco Mortgage Capital during the first quarter valued at $82,000. Russell Investments Group Ltd. lifted its stake in shares of Invesco Mortgage Capital by 31.0% during the first quarter. Russell Investments Group Ltd. now owns 11,989 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 2,835 shares during the period. Finally, Entropy Technologies LP bought a new position in Invesco Mortgage Capital in the first quarter valued at about $99,000. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR opened at $8.16 on Wednesday. The company has a market capitalization of $579.06 million, a price-to-earnings ratio of 20.41 and a beta of 1.71. The firm’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $7.62. Invesco Mortgage Capital Inc has a fifty-two week low of $5.86 and a fifty-two week high of $9.06.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of ($22.71) million during the quarter, compared to the consensus estimate of $45.40 million. Invesco Mortgage Capital had a net margin of 13.77% and a return on equity of 30.04%. Equities research analysts expect that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Monday, October 6th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, October 6th. This represents a $1.36 annualized dividend and a yield of 16.7%. Invesco Mortgage Capital’s payout ratio is currently 266.67%.

Wall Street Analyst Weigh In

IVR has been the subject of a number of research reports. Zacks Research upgraded Invesco Mortgage Capital to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday. Finally, UBS Group increased their price objective on shares of Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Invesco Mortgage Capital currently has an average rating of “Reduce” and an average target price of $7.50.

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.