Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR) by 36.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,162 shares of the real estate investment trust’s stock after purchasing an additional 2,955 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invesco Mortgage Capital were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of Invesco Mortgage Capital by 8.9% during the 1st quarter. Swiss National Bank now owns 95,601 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 7,800 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Invesco Mortgage Capital by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock valued at $24,125,000 after purchasing an additional 96,117 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Invesco Mortgage Capital by 12.1% in the 1st quarter. GSA Capital Partners LLP now owns 101,638 shares of the real estate investment trust’s stock valued at $984,000 after purchasing an additional 11,009 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Invesco Mortgage Capital during the 1st quarter valued at about $180,000. Finally, American International Group Inc. increased its stake in shares of Invesco Mortgage Capital by 7.8% during the 1st quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,740 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Up 0.8 %

NYSE:IVR opened at $8.76 on Wednesday. The business’s 50-day moving average price is $8.96 and its 200 day moving average price is $9.03. The firm has a market cap of $480.22 million, a P/E ratio of -12.53 and a beta of 1.90. Invesco Mortgage Capital Inc. has a 52-week low of $6.34 and a 52-week high of $11.06.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The firm had revenue of $68.03 million for the quarter, compared to analyst estimates of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same period in the previous year, the company earned $1.45 earnings per share. Sell-side analysts expect that Invesco Mortgage Capital Inc. will post 3.23 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 18.26%. Invesco Mortgage Capital’s payout ratio is presently -228.57%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IVR. Janney Montgomery Scott assumed coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $10.00 target price for the company. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Invesco Mortgage Capital presently has an average rating of “Hold” and an average price target of $9.00.

About Invesco Mortgage Capital

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.