Quantbot Technologies LP Buys Shares of 69,792 Invesco Mortgage Capital Inc $IVR

Quantbot Technologies LP purchased a new position in Invesco Mortgage Capital Inc (NYSE:IVR) during the 2nd quarter, Holdings Channel reports. The fund purchased 69,792 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ieq Capital LLC bought a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at $1,031,000. Allworth Financial LP bought a new position in Invesco Mortgage Capital in the 2nd quarter worth $60,000. Virtus Advisers LLC bought a new position in Invesco Mortgage Capital in the 2nd quarter worth $132,000. Oxford Financial Group LTD. LLC purchased a new position in Invesco Mortgage Capital during the second quarter valued at $79,000. Finally, BlackRock Inc. purchased a new position in Invesco Mortgage Capital during the second quarter valued at $69,562,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of IVR stock opened at $7.42 on Friday. The company has a market capitalization of $798.37 million, a price-to-earnings ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital Inc has a one year low of $7.10 and a one year high of $9.50. The company’s fifty day moving average price is $7.69 and its 200-day moving average price is $8.00.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The company had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. Equities research analysts expect that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 19.4%. The ex-dividend date is Tuesday, August 25th. Invesco Mortgage Capital’s payout ratio is presently 97.30%.

Analyst Ratings Changes

IVR has been the subject of several recent research reports. UBS Group set a $7.75 price target on Invesco Mortgage Capital and gave the company a “neutral” rating in a report on Wednesday, August 19th. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.38.

Invesco Mortgage Capital Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.