Piedmont Investment Advisors LLC lifted its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 43.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,867 shares of the real estate investment trust’s stock after buying an additional 42,302 shares during the quarter. Piedmont Investment Advisors LLC owned approximately 0.13% of Invesco Mortgage Capital worth $2,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its stake in shares of Invesco Mortgage Capital by 9.7% during the 2nd quarter. Sterling Capital Management LLC now owns 71,181 shares of the real estate investment trust’s stock valued at $1,189,000 after buying an additional 6,287 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco Mortgage Capital by 33.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,812 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 4,242 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Invesco Mortgage Capital by 121.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 953,702 shares of the real estate investment trust’s stock valued at $15,936,000 after buying an additional 522,307 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Invesco Mortgage Capital by 27.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,717 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 3,987 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Invesco Mortgage Capital by 5.7% during the 2nd quarter. State Street Corp now owns 2,554,077 shares of the real estate investment trust’s stock valued at $42,678,000 after buying an additional 138,635 shares in the last quarter. Institutional investors own 63.37% of the company’s stock.

Shares of Invesco Mortgage Capital Inc (IVR) traded up 0.29% during mid-day trading on Friday, reaching $17.53. 399,925 shares of the company’s stock traded hands. The company’s 50 day moving average is $17.07 and its 200 day moving average is $16.55. The company has a market cap of $1.96 billion, a P/E ratio of 4.18 and a beta of 0.81. Invesco Mortgage Capital Inc has a 12-month low of $14.15 and a 12-month high of $17.54.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 9.36%. Invesco Mortgage Capital’s payout ratio is 37.79%.

A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Invesco Mortgage Capital in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.75.

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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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Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

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