Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC raised its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,752 shares of the real estate investment trust’s stock after buying an additional 4,002 shares during the quarter. Verition Fund Management LLC’s holdings in Invesco Mortgage Capital were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Invesco Mortgage Capital during the 2nd quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of Invesco Mortgage Capital in the 2nd quarter worth $33,000. 180 Wealth Advisors LLC acquired a new position in Invesco Mortgage Capital in the second quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Invesco Mortgage Capital by 36.0% during 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 during the period. Finally, Intech Investment Management LLC acquired a new stake in Invesco Mortgage Capital during the third quarter worth about $121,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

IVR stock opened at $8.61 on Wednesday. The firm has a market cap of $522.58 million, a P/E ratio of 7.17 and a beta of 1.89. Invesco Mortgage Capital Inc. has a 1 year low of $7.60 and a 1 year high of $9.97. The stock has a 50-day simple moving average of $8.40 and a 200-day simple moving average of $8.82.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The firm had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. During the same period last year, the business earned $1.51 EPS. On average, equities research analysts predict that Invesco Mortgage Capital Inc. will post 3.06 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were issued a $0.40 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a yield of 18.59%. Invesco Mortgage Capital’s dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IVR shares. JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

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.