Bessemer Group Inc. bought a new position in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) during the second quarter, Holdings Channel reports. The fund bought 91,800 shares of the real estate investment trust’s stock, valued at approximately $1,534,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in INVESCO MORTGAGE CAPITAL INC by 32,968.8% in the first quarter. BlackRock Inc. now owns 10,802,925 shares of the real estate investment trust’s stock worth $166,582,000 after buying an additional 10,770,257 shares during the period. Vanguard Group Inc. boosted its position in 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 during the period. State Street Corp boosted its position in INVESCO MORTGAGE CAPITAL INC by 1.1% in the first quarter. State Street Corp now owns 2,415,442 shares of the real estate investment trust’s stock worth $37,247,000 after buying an additional 25,453 shares during the period. Prudential Financial Inc. boosted its position in INVESCO MORTGAGE CAPITAL INC by 0.5% in the first quarter. Prudential Financial Inc. now owns 1,891,511 shares of the real estate investment trust’s stock worth $29,167,000 after buying an additional 9,680 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in INVESCO MORTGAGE CAPITAL INC by 72.6% in the first quarter. Nuveen Asset Management LLC now owns 1,828,167 shares of the real estate investment trust’s stock worth $28,190,000 after buying an additional 768,763 shares during the period. 64.71% of the stock is owned by hedge funds and other institutional investors.

Shares of INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) opened at 16.83 on Friday. The firm has a market cap of $1.88 billion, a P/E 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 firm’s 50-day moving average is $16.71 and its 200-day moving average is $15.94.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. INVESCO MORTGAGE CAPITAL INC had a return on equity of 8.97% and a net margin of 71.92%. The firm had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts anticipate that INVESCO MORTGAGE CAPITAL INC will post $1.60 earnings per share for the current year.

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

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A number of brokerages recently issued reports on IVR. 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 report on Wednesday, May 10th. BidaskClub upgraded shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Wunderlich raised their price objective on shares of INVESCO MORTGAGE CAPITAL INC from $16.50 to $18.00 and gave the company a “buy” rating in a 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 report on Tuesday, July 11th. One investment 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 stock. The company currently has a consensus rating of “Buy” and an average 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.

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

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