Invesco Mortgage Capital Inc. (NYSE:IVR) Position Raised by PFG Investments LLC

PFG Investments LLC increased its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,172 shares of the real estate investment trust’s stock after purchasing an additional 1,874 shares during the period. PFG Investments LLC owned 0.07% of Invesco Mortgage Capital worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Invesco Mortgage Capital during the second quarter worth approximately $26,000. Global Retirement Partners LLC grew its position in Invesco Mortgage Capital by 100.1% in the first quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,425 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Invesco Mortgage Capital in the second 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 worth $105,000 after buying an additional 2,955 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its position in Invesco Mortgage Capital by 12.2% in the first quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,250 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Analyst Ratings Changes

IVR has been the topic of several recent research reports. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Invesco Mortgage Capital Stock Performance

NYSE IVR opened at $8.86 on Friday. Invesco Mortgage Capital Inc. has a twelve month low of $6.34 and a twelve month high of $11.01. The stock has a market cap of $485.71 million, a price-to-earnings ratio of -12.59 and a beta of 1.89. The firm’s 50 day moving average price is $8.92 and its two-hundred day moving average price is $9.03.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The firm had revenue of $68.03 million for the quarter, compared to analysts’ expectations of $9.27 million. During the same period in the previous year, the company posted $1.45 EPS. On average, research analysts forecast that Invesco Mortgage Capital Inc. will post 3.23 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 18.06%. The ex-dividend date of this dividend was Friday, July 5th. 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.