Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,433 shares of the real estate investment trust’s stock after acquiring an additional 32,359 shares during the quarter. Van ECK Associates Corp owned about 1.01% of Invesco Mortgage Capital worth $4,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IVR. International Assets Investment Management LLC acquired a new position in shares of Invesco Mortgage Capital during the second quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Invesco Mortgage Capital during the 2nd quarter worth approximately $33,000. 180 Wealth Advisors LLC purchased a new position in Invesco Mortgage Capital in the 2nd quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Invesco Mortgage Capital by 36.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 2,955 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Mortgage Capital during the first quarter valued at approximately $165,000. 40.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

Invesco Mortgage Capital Trading Up 1.2 %

Shares of NYSE:IVR opened at $8.35 on Friday. Invesco Mortgage Capital Inc. has a 12-month low of $7.32 and a 12-month high of $9.97. The firm has a market cap of $507.10 million, a PE ratio of 6.96 and a beta of 1.90. The company has a fifty day simple moving average of $8.68 and a 200 day simple moving average of $8.94.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same quarter last year, the company posted $1.51 EPS. As a group, equities research analysts forecast that Invesco Mortgage Capital Inc. will post 3.24 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a $0.40 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.60 annualized dividend and a dividend yield of 19.16%. Invesco Mortgage Capital’s payout ratio is 133.33%.

Invesco Mortgage Capital 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.