BlackRock Inc. grew its holdings in Invesco Mortgage Capital Inc (NYSE:IVR) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,295,690 shares of the real estate investment trust’s stock after purchasing an additional 1,135,345 shares during the period. BlackRock Inc. owned approximately 0.17% of Invesco Mortgage Capital worth $391,645,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. United Services Automobile Association grew its position in shares of Invesco Mortgage Capital by 5.4% in the 2nd quarter. United Services Automobile Association now owns 243,245 shares of the real estate investment trust’s stock valued at $3,921,000 after buying an additional 12,530 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Invesco Mortgage Capital by 111.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 43,429 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 22,930 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Invesco Mortgage Capital in the 2nd quarter valued at about $2,525,000. Nuveen Asset Management LLC grew its position in shares of Invesco Mortgage Capital by 36.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,738,340 shares of the real estate investment trust’s stock valued at $44,142,000 after buying an additional 727,254 shares during the last quarter. Finally, Centaurus Financial Inc. grew its position in shares of Invesco Mortgage Capital by 6,218.6% in the 2nd quarter. Centaurus Financial Inc. now owns 6,445 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 6,343 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.
Separately, TheStreet upgraded Invesco Mortgage Capital from a “d+” rating to a “c” rating in a research report on Friday, November 8th.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Invesco Mortgage Capital had a return on equity of 13.27% and a net margin of 9.54%. The firm had revenue of $73.03 million for the quarter, compared to analyst estimates of $76.80 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue was up 3.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Friday, September 27th were given a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.18%.
In other Invesco Mortgage Capital news, insider Mario Clemente acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $15.71 per share, with a total value of $31,420.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward J. Hardin acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $15.73 per share, for a total transaction of $39,325.00. Following the completion of the purchase, the director now directly owns 35,357 shares in the company, valued at $556,165.61. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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