Two Sigma Securities LLC Acquires Shares of 81,219 Invesco Mortgage Capital Inc $IVR

Two Sigma Securities LLC acquired a new position in Invesco Mortgage Capital Inc (NYSE:IVR) in the second quarter, Holdings Channel reports. The institutional investor acquired 81,219 shares of the real estate investment trust’s stock, valued at approximately $642,000.

Several other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 2,954 shares during the period. Kestra Advisory Services LLC bought a new stake in Invesco Mortgage Capital during the 4th quarter valued at about $33,000. Caption Management LLC bought a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $43,000. Comerica Bank raised its position in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares in the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Stock Performance

IVR opened at $7.21 on Wednesday. The company has a fifty day moving average of $7.65 and a two-hundred day moving average of $7.97. The stock has a market capitalization of $776.08 million, a price-to-earnings ratio of 4.87 and a beta of 1.62. Invesco Mortgage Capital Inc has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last posted its 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 net margin of 38.01% and a return on equity of 26.48%. The business had revenue of $30.10 million for the quarter, compared to analyst estimates of $46.48 million. On average, equities research analysts forecast that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 20.0%. Invesco Mortgage Capital’s dividend payout ratio is currently 97.30%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. One 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 a consensus rating of “Hold” and a consensus price target of $8.38.

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.