ClearAlpha Technologies LP Sells 3,330 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

ClearAlpha Technologies LP lessened its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,832 shares of the real estate investment trust’s stock after selling 3,330 shares during the quarter. ClearAlpha Technologies LP’s holdings in Invesco Mortgage Capital were worth $299,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Invesco Mortgage Capital during the 2nd quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Invesco Mortgage Capital during the second quarter valued at about $33,000. 180 Wealth Advisors LLC purchased a new position in Invesco Mortgage Capital during the second quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Invesco Mortgage Capital by 36.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Invesco Mortgage Capital in the 3rd quarter valued at about $121,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analysts Set New Price Targets

IVR has been the topic of a number of research analyst reports. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock opened at $8.40 on Tuesday. The firm has a market cap of $509.83 million, a price-to-earnings ratio of 7.00 and a beta of 1.89. Invesco Mortgage Capital Inc. has a 52 week low of $7.60 and a 52 week high of $9.97. The firm’s 50-day simple moving average is $8.49 and its two-hundred day simple moving average is $8.86.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The company had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. During the same period last year, the firm posted $1.51 EPS. Analysts forecast that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, October 7th. This represents a $1.60 annualized dividend and a dividend yield of 19.06%. Invesco Mortgage Capital’s payout ratio is 133.33%.

About Invesco Mortgage Capital

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.