Headlands Technologies LLC Invests $33,000 in Invesco Mortgage Capital Inc. (NYSE:IVR)

Headlands Technologies LLC purchased a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) during the second quarter, HoldingsChannel reports. The firm purchased 3,501 shares of the real estate investment trust’s stock, valued at approximately $33,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock worth $24,125,000 after purchasing an additional 96,117 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Invesco Mortgage Capital in the second quarter worth about $4,302,000. CastleKnight Management LP bought a new position in shares of Invesco Mortgage Capital in the fourth quarter worth about $2,752,000. PL Capital Advisors LLC grew its holdings in shares of Invesco Mortgage Capital by 513.5% in the first quarter. PL Capital Advisors LLC now owns 200,000 shares of the real estate investment trust’s stock worth $1,936,000 after purchasing an additional 167,400 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Invesco Mortgage Capital by 20.8% in the second quarter. Bank of New York Mellon Corp now owns 168,212 shares of the real estate investment trust’s stock worth $1,576,000 after purchasing an additional 28,970 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Stock Performance

IVR stock opened at $9.11 on Wednesday. The firm has a market cap of $444.80 million, a price-to-earnings ratio of -13.01 and a beta of 1.89. The firm has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $9.04. Invesco Mortgage Capital Inc. has a one year low of $6.34 and a one year high of $11.01.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. The business had revenue of $68.03 million during the quarter, compared to analyst estimates of $9.27 million. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, equities analysts predict that Invesco Mortgage Capital Inc. will post 3.23 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders 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 dividend yield of 17.56%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently -228.57%.

Analyst Ratings Changes

IVR has been the subject of a number of research reports. Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.00 price objective for the company. StockNews.com raised shares of 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 note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.