Prudential Financial Inc. lowered its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,325,991 shares of the real estate investment trust’s stock after selling 40,800 shares during the period. Prudential Financial Inc. owned approximately 1.19% of Invesco Mortgage Capital worth $18,153,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Invesco Mortgage Capital during the fourth quarter valued at approximately $14,219,000. Clear Harbor Asset Management LLC bought a new stake in Invesco Mortgage Capital during the first quarter valued at approximately $8,275,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Invesco Mortgage Capital during the second quarter valued at approximately $6,046,000. SECOR Capital Advisors LP boosted its stake in Invesco Mortgage Capital by 492.8% in the second quarter. SECOR Capital Advisors LP now owns 513,878 shares of the real estate investment trust’s stock valued at $7,035,000 after buying an additional 427,188 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco Mortgage Capital by 11,540.6% in the second quarter. JPMorgan Chase & Co. now owns 289,967 shares of the real estate investment trust’s stock valued at $3,970,000 after buying an additional 287,476 shares in the last quarter. 63.42% of the stock is owned by institutional investors and hedge funds.
Invesco Mortgage Capital Inc. (NYSE:IVR) traded down 1.0046% on Wednesday, hitting $15.2057. The stock had a trading volume of 203,826 shares. The firm’s market cap is $1.70 billion. The company’s 50-day moving average price is $15.56 and its 200 day moving average price is $14.02. Invesco Mortgage Capital Inc. has a one year low of $9.74 and a one year high of $16.28.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business earned $79.24 million during the quarter, compared to the consensus estimate of $72.22 million. Invesco Mortgage Capital had a positive return on equity of 9.86% and a negative net margin of 34.78%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. Analysts expect that Invesco Mortgage Capital Inc. will post $1.70 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, September 27th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.42%. Invesco Mortgage Capital’s payout ratio is -86.02%.
Several equities research analysts recently commented on IVR shares. Zacks Investment Research raised Invesco Mortgage Capital from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, June 8th. Nomura reissued an “in-line” rating and set a $17.00 target price (up previously from $16.00) on shares of Invesco Mortgage Capital in a research note on Monday, August 8th. Keefe, Bruyette & Woods set a $16.30 target price on Invesco Mortgage Capital and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Barclays PLC raised their target price on Invesco Mortgage Capital from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $16.50 target price on shares of Invesco Mortgage Capital in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Invesco Mortgage Capital presently has an average rating of “Hold” and a consensus price target of $15.85.
In other news, insider John Anzalone acquired 3,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was acquired at an average cost of $15.38 per share, for a total transaction of $46,140.00. Following the acquisition, the insider now directly owns 57,107 shares in the company, valued at approximately $878,305.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard J. King acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $15.38 per share, with a total value of $76,900.00. Following the completion of the acquisition, the chief executive officer now owns 114,402 shares in the company, valued at $1,759,502.76. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Invesco Mortgage Capital Company Profile
Receive News & Ratings for Invesco Mortgage Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.