The Manufacturers Life Insurance Company Increases Stake in Invesco Mortgage Capital Inc. (NYSE:IVR)

The Manufacturers Life Insurance Company boosted its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,856 shares of the real estate investment trust’s stock after purchasing an additional 1,360 shares during the period. The Manufacturers Life Insurance Company’s holdings in Invesco Mortgage Capital were worth $167,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Swiss National Bank raised its position in 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 position in Invesco Mortgage Capital by 4.0% during the first 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 during the period. GSA Capital Partners LLP boosted its holdings in Invesco Mortgage Capital by 12.1% in the first 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 during the last quarter. Range Financial Group LLC acquired a new stake in Invesco Mortgage Capital during the 1st quarter worth about $180,000. Finally, American International Group Inc. raised 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 buying an additional 1,740 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IVR. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Invesco Mortgage Capital presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR opened at $8.79 on Friday. The firm has a market capitalization of $429.18 million, a PE ratio of -12.56 and a beta of 1.90. Invesco Mortgage Capital Inc. has a 1 year low of $6.34 and a 1 year high of $9.97. The firm’s 50-day moving average is $8.81 and its two-hundred day moving average is $8.97.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The company 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 quarter last year, the company earned $1.45 EPS. Analysts expect that Invesco Mortgage Capital Inc. will post 3.23 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 7th will be issued a $0.40 dividend. The ex-dividend date is Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 18.20%. Invesco Mortgage Capital’s payout ratio is -228.57%.

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.