Firethorn Wealth Partners LLC grew its stake in Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 68.3% during the 3rd quarter, Holdings Channel reports. The fund owned 67,416 shares of the real estate investment trust’s stock after acquiring an additional 27,356 shares during the period. Firethorn Wealth Partners LLC’s holdings in Invesco Mortgage Capital were worth $633,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Invesco Mortgage Capital in the 2nd quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of Invesco Mortgage Capital during the second quarter valued at approximately $33,000. 180 Wealth Advisors LLC acquired a new stake in Invesco Mortgage Capital during the second quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Invesco Mortgage Capital by 36.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 2,955 shares during the period. Finally, Valley Brook Capital Group Inc. raised its holdings in Invesco Mortgage Capital by 12.2% in the 1st quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.
Invesco Mortgage Capital Stock Up 1.8 %
Shares of NYSE IVR opened at $8.81 on Thursday. The stock has a market capitalization of $430.16 million, a PE ratio of -12.59 and a beta of 1.90. The firm has a fifty day moving average of $8.81 and a 200-day moving average of $8.99. Invesco Mortgage Capital Inc. has a 52-week low of $6.34 and a 52-week high of $9.97.
Invesco Mortgage Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 7th will be issued a $0.40 dividend. The ex-dividend date is Monday, October 7th. This represents a $1.60 annualized dividend and a yield of 18.16%. Invesco Mortgage Capital’s payout ratio is -228.57%.
Wall Street Analyst Weigh In
IVR has been the topic of several analyst reports. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.
Read Our Latest Stock Report on IVR
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.
Recommended Stories
- Five stocks we like better than Invesco Mortgage Capital
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report).
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.