INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its position in shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,075 shares of the real estate investment trust’s stock after buying an additional 90,325 shares during the period. Bank of America Corp DE owned approximately 0.44% of INVESCO MORTGAGE CAPITAL INC worth $7,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVR. PNC Financial Services Group Inc. raised its position in shares of INVESCO MORTGAGE CAPITAL INC by 203.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 9,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of INVESCO MORTGAGE CAPITAL INC by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 842,393 shares of the real estate investment trust’s stock worth $12,989,000 after buying an additional 40,495 shares in the last quarter. Vanguard Group Inc. raised its position in shares of INVESCO MORTGAGE CAPITAL INC by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,061,724 shares of the real estate investment trust’s stock worth $139,731,000 after buying an additional 559,928 shares in the last quarter. AQR Capital Management LLC raised its position in shares of INVESCO MORTGAGE CAPITAL INC by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 225,174 shares of the real estate investment trust’s stock worth $3,288,000 after buying an additional 702 shares in the last quarter. Finally, Burney Co. bought a new position in shares of INVESCO MORTGAGE CAPITAL INC during the first quarter worth approximately $1,567,000. 64.71% of the stock is owned by institutional investors and hedge funds.

INVESCO MORTGAGE CAPITAL INC (NYSE IVR) opened at 16.83 on Friday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 4.01 and a beta of 0.81. INVESCO MORTGAGE CAPITAL INC has a 52-week low of $14.15 and a 52-week high of $17.34. The company has a 50-day moving average of $16.71 and a 200 day moving average of $15.94.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $82.94 million during the quarter, compared to analysts’ expectations of $84.50 million. INVESCO MORTGAGE CAPITAL INC had a net margin of 71.92% and a return on equity of 8.97%. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts anticipate that INVESCO MORTGAGE CAPITAL INC will post $1.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Tuesday, June 27th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.51%. The ex-dividend date was Friday, June 23rd. INVESCO MORTGAGE CAPITAL INC’s payout ratio is presently 36.87%.

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A number of research analysts have recently commented on IVR shares. BidaskClub raised shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods set a $16.00 price objective on shares of INVESCO MORTGAGE CAPITAL INC and gave the company a “hold” rating in a research report on Wednesday, May 10th. Wunderlich increased their price target on shares of INVESCO MORTGAGE CAPITAL INC from $16.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Finally, Zacks Investment Research lowered shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.55.

About INVESCO MORTGAGE CAPITAL INC

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

Institutional Ownership by Quarter for INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

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