Renaissance Technologies LLC Has $5.47 Million Stock Holdings in Invesco Mortgage Capital Inc $IVR

Renaissance Technologies LLC raised its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 42.4% during the first quarter, Holdings Channel reports. The institutional investor owned 677,100 shares of the real estate investment trust’s stock after buying an additional 201,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Invesco Mortgage Capital were worth $5,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVR. Millennium Management LLC increased its stake in shares of Invesco Mortgage Capital by 1,607.0% in the 3rd quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock valued at $11,517,000 after buying an additional 1,434,149 shares during the period. UBS Group AG lifted its stake in shares of Invesco Mortgage Capital by 68.8% during the fourth quarter. UBS Group AG now owns 1,094,468 shares of the real estate investment trust’s stock valued at $9,204,000 after acquiring an additional 446,017 shares during the period. Two Sigma Investments LP boosted its holdings in Invesco Mortgage Capital by 66.0% in the third quarter. Two Sigma Investments LP now owns 1,017,198 shares of the real estate investment trust’s stock valued at $7,690,000 after acquiring an additional 404,497 shares during the last quarter. Invesco Ltd. boosted its holdings in Invesco Mortgage Capital by 8.5% in the fourth quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after acquiring an additional 199,259 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Invesco Mortgage Capital by 77.9% in the second quarter. Ameriprise Financial Inc. now owns 336,797 shares of the real estate investment trust’s stock worth $2,641,000 after purchasing an additional 147,486 shares during the period. 40.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock opened at $7.43 on Thursday. The firm has a fifty day moving average of $7.83 and a two-hundred day moving average of $8.17. The stock has a market capitalization of $690.12 million, a price-to-earnings ratio of 5.02 and a beta of 1.60. Invesco Mortgage Capital Inc has a 52 week low of $7.10 and a 52 week high of $9.50.

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

Invesco Mortgage Capital Announces Dividend

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

Invesco Mortgage Capital Company Profile

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.