180 Wealth Advisors LLC raised its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 22.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,026 shares of the real estate investment trust’s stock after acquiring an additional 2,542 shares during the period. 180 Wealth Advisors LLC’s holdings in Invesco Mortgage Capital were worth $113,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Invesco Mortgage Capital in the 2nd quarter valued at approximately $33,000. McIlrath & Eck LLC acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $62,000. Zacks Investment Management acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $94,000. Intech Investment Management LLC acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $121,000. Finally, Aigen Investment Management LP acquired a new position in Invesco Mortgage Capital in the 3rd quarter valued at approximately $134,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.
Invesco Mortgage Capital Stock Performance
NYSE:IVR opened at $7.92 on Thursday. The firm’s fifty day moving average is $8.24 and its 200-day moving average is $8.63. Invesco Mortgage Capital Inc. has a 52 week low of $7.47 and a 52 week high of $9.97. The firm has a market cap of $480.98 million, a P/E ratio of 6.60 and a beta of 1.86.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. During the same period in the prior year, the company posted $1.51 earnings per share. As a group, sell-side analysts anticipate that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.
Invesco Mortgage Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 20.20%. The ex-dividend date of this dividend is Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio is presently 133.33%.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
Featured Articles
- Five stocks we like better than Invesco Mortgage Capital
- What is the FTSE 100 index?
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- How to Short a Stock in 5 Easy StepsĀ
- How Do Stock Buybacks Affect Shareholders?
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report).
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.