Invesco Mortgage Capital Inc (IVR) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 121.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 953,702 shares of the real estate investment trust’s stock after buying an additional 522,307 shares during the period. Arrowstreet Capital Limited Partnership owned 0.85% of Invesco Mortgage Capital worth $15,936,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. IndexIQ Advisors LLC boosted its holdings in shares of Invesco Mortgage Capital by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock worth $2,252,000 after buying an additional 14,128 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 203.6% during the 1st 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 during the period. Vanguard Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 6.6% during the 1st 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 during the period. Prudential Financial Inc. boosted its holdings in shares of Invesco Mortgage Capital by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock worth $37,007,000 after buying an additional 323,130 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Invesco Mortgage Capital by 5.0% during the 1st 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 during the period. 63.37% of the stock is owned by institutional investors and hedge funds.

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Invesco Mortgage Capital Inc (IVR) remained flat at $17.44 during mid-day trading on Thursday. 121,811 shares of the stock were exchanged. The stock has a market cap of $1.95 billion, a PE ratio of 4.16 and a beta of 0.81. Invesco Mortgage Capital Inc has a one year low of $14.15 and a one year high of $17.45. The company’s 50-day moving average is $17.05 and its 200-day moving average is $16.52.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. Invesco Mortgage Capital had a net margin of 71.92% and a return on equity of 8.97%. During the same quarter last year, the company earned $0.42 earnings per share. Equities research analysts expect that Invesco Mortgage Capital Inc will post $1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th will be paid a $0.41 dividend. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, September 26th. This represents a $1.64 annualized dividend and a dividend yield of 9.40%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 37.79%.

IVR has been the subject of several research analyst reports. BidaskClub downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 target price on shares of Invesco Mortgage Capital in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.75.

About Invesco Mortgage Capital

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 (NYSE:IVR)

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