Quantitative Systematic Strategies LLC Purchases New Position in Invesco Mortgage Capital Inc (IVR)
Quantitative Systematic Strategies LLC purchased a new stake in Invesco Mortgage Capital Inc (NYSE:IVR) during the 4th quarter, Holdings Channel reports. The firm purchased 27,699 shares of the real estate investment trust’s stock, valued at approximately $494,000.
A number of other hedge funds have also modified their holdings of IVR. Public Employees Retirement System of Ohio grew its position in shares of Invesco Mortgage Capital by 5.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 488 shares during the period. ETRADE Capital Management LLC bought a new position in shares of Invesco Mortgage Capital in the 3rd quarter valued at about $172,000. Stevens Capital Management LP bought a new position in shares of Invesco Mortgage Capital in the 3rd quarter valued at about $204,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Invesco Mortgage Capital in the 3rd quarter valued at about $213,000. Finally, Principal Financial Group Inc. grew its position in shares of Invesco Mortgage Capital by 3.4% in the 2nd quarter. Principal Financial Group Inc. now owns 13,988 shares of the real estate investment trust’s stock valued at $234,000 after acquiring an additional 462 shares during the period. Hedge funds and other institutional investors own 63.43% of the company’s stock.
A number of brokerages have recently commented on IVR. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 price objective on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. Credit Suisse Group downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $17.74 to $18.00 in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.08.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $68.20 million during the quarter, compared to the consensus estimate of $68.85 million. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, December 26th were issued a dividend of $0.42 per share. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.68 annualized dividend and a dividend yield of 10.78%. Invesco Mortgage Capital’s payout ratio is presently 45.16%.
In related news, EVP David B. Lyle bought 2,000 shares of Invesco Mortgage Capital stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $16.97 per share, with a total value of $33,940.00. Following the acquisition, the executive vice president now owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.
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Invesco Mortgage Capital Company 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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