Firethorn Wealth Partners LLC Grows Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Firethorn Wealth Partners LLC grew its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) 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 (NYSE:IVR) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The firm had revenue of $68.03 million during the quarter, compared to the consensus estimate of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same quarter in the previous year, the business earned $1.45 earnings per share. Equities research analysts expect that Invesco Mortgage Capital Inc. will post 3.23 EPS for the current fiscal year.

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.

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.