PVG Asset Management Corp Invests $1.04 Million in Invesco Mortgage Capital Inc $IVR

PVG Asset Management Corp purchased a new stake in Invesco Mortgage Capital Inc (NYSE:IVR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 128,660 shares of the real estate investment trust’s stock, valued at approximately $1,037,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Invesco Mortgage Capital by 190.1% in the first quarter. Bank of America Corp DE now owns 410,787 shares of the real estate investment trust’s stock valued at $3,319,000 after buying an additional 269,195 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Invesco Mortgage Capital by 24.0% during the first quarter. Quantinno Capital Management LP now owns 45,497 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 8,805 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Invesco Mortgage Capital by 42.4% during the first quarter. Renaissance Technologies LLC now owns 677,100 shares of the real estate investment trust’s stock worth $5,471,000 after acquiring an additional 201,500 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Invesco Mortgage Capital by 596.1% in the 1st quarter. Sei Investments Co. now owns 102,771 shares of the real estate investment trust’s stock worth $830,000 after acquiring an additional 88,008 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Invesco Mortgage Capital by 394.4% in the 1st quarter. State of Wyoming now owns 41,004 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 32,710 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IVR shares. Weiss Ratings downgraded Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.25.

Invesco Mortgage Capital Price Performance

NYSE IVR opened at $7.42 on Monday. The company has a fifty day moving average price of $7.86 and a 200-day moving average price of $8.21. The firm has a market cap of $689.19 million, a price-to-earnings ratio of 5.02 and a beta of 1.60. Invesco Mortgage Capital Inc has a 1 year low of $7.10 and a 1 year high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The business had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $46.48 million. On average, research analysts anticipate that Invesco Mortgage Capital Inc will post 2.01 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 27th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 19.4%. The ex-dividend date is Monday, July 27th. Invesco Mortgage Capital’s payout ratio is presently 97.30%.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.