Atlantic Trust Group LLC Purchases Shares of 12,635 Invesco Mortgage Capital Inc (IVR)
Atlantic Trust Group LLC purchased a new stake in Invesco Mortgage Capital Inc (NYSE:IVR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,635 shares of the real estate investment trust’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors have also bought and sold shares of IVR. Ameritas Investment Partners Inc. acquired a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $150,000. First Financial Equity Corporation acquired a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $168,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco Mortgage Capital by 8.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,570 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 1,016 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 203.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 9,000 shares during the period. Finally, West Family Investments Inc. acquired a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at about $231,000. 63.38% of the stock is owned by institutional investors and hedge funds.
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Shares of Invesco Mortgage Capital Inc (NYSE IVR) opened at 16.71 on Thursday. Invesco Mortgage Capital Inc has a 12 month low of $14.15 and a 12 month high of $17.34. The company has a 50-day moving average of $16.88 and a 200 day moving average of $16.24. The company has a market capitalization of $1.86 billion, a P/E ratio of 3.99 and a beta of 0.80.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $82.94 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.42 EPS. Analysts forecast that Invesco Mortgage Capital Inc will post $1.61 EPS for the current year.
Several research analysts have recently commented on the stock. BidaskClub raised shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Keefe, Bruyette & Woods raised shares of Invesco Mortgage Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $16.25 to $18.00 in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Invesco Mortgage Capital 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 assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.81.
Invesco Mortgage Capital Profile
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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