106,658 Shares in Invesco Mortgage Capital Inc. (NYSE:IVR) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 106,658 shares of the real estate investment trust’s stock, valued at approximately $1,002,000. Wolverine Asset Management LLC owned about 0.19% of Invesco Mortgage Capital at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Invesco Mortgage Capital by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 491,433 shares of the real estate investment trust’s stock worth $4,615,000 after buying an additional 32,359 shares during the last quarter. PL Capital Advisors LLC boosted its position in Invesco Mortgage Capital by 100.0% during the 3rd quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock worth $3,756,000 after purchasing an additional 200,000 shares during the period. International Assets Investment Management LLC boosted its position in Invesco Mortgage Capital by 839.0% during the 3rd quarter. International Assets Investment Management LLC now owns 25,823 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 23,073 shares during the period. Firethorn Wealth Partners LLC boosted its position in Invesco Mortgage Capital by 68.3% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 67,416 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 27,356 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Invesco Mortgage Capital during the 3rd quarter worth $172,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Stock Down 1.0 %

IVR opened at $8.27 on Wednesday. The firm has a market cap of $501.93 million, a price-to-earnings ratio of 6.89 and a beta of 1.90. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $9.97. The company’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.94.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm 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 in the previous year, the business posted $1.51 EPS. Research analysts anticipate that Invesco Mortgage Capital Inc. will post 3.24 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 yield of 19.36%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 133.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on IVR. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

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.