Comerica Bank Increases Stock Position in Invesco Mortgage Capital Inc (NYSE:IVR)

Comerica Bank raised its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,132 shares of the real estate investment trust’s stock after buying an additional 13,658 shares during the quarter. Comerica Bank owned about 0.09% of Invesco Mortgage Capital worth $2,094,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. WINTON GROUP Ltd grew its position in shares of Invesco Mortgage Capital by 14.3% in the 2nd quarter. WINTON GROUP Ltd now owns 61,858 shares of the real estate investment trust’s stock valued at $997,000 after acquiring an additional 7,745 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Invesco Mortgage Capital by 295.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 63,155 shares of the real estate investment trust’s stock valued at $1,018,000 after acquiring an additional 47,185 shares during the period. 6 Meridian grew its position in shares of Invesco Mortgage Capital by 2.3% in the 2nd quarter. 6 Meridian now owns 57,342 shares of the real estate investment trust’s stock valued at $924,000 after acquiring an additional 1,269 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Invesco Mortgage Capital by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,841 shares of the real estate investment trust’s stock valued at $803,000 after acquiring an additional 900 shares during the period. Finally, CWM Advisors LLC bought a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at about $165,000. 64.10% of the stock is owned by institutional investors and hedge funds.

Shares of IVR opened at $16.10 on Thursday. The firm has a 50-day moving average of $15.56 and a 200-day moving average of $15.88. Invesco Mortgage Capital Inc has a one year low of $13.67 and a one year high of $16.67. The company has a market cap of $2.30 billion, a PE ratio of 8.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.01 and a quick ratio of 0.01.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Invesco Mortgage Capital had a net margin of 9.54% and a return on equity of 13.27%. The company had revenue of $73.03 million during the quarter, compared to the consensus estimate of $76.80 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date was Thursday, September 26th.

Separately, TheStreet raised shares of Invesco Mortgage Capital from a “d+” rating to a “c” rating in a research report on Friday, November 8th.

In related news, Director Edward J. Hardin bought 2,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $15.73 per share, for a total transaction of $39,325.00. Following the purchase, the director now owns 35,357 shares in the company, valued at approximately $556,165.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mario Clemente bought 2,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $15.71 per share, with a total value of $31,420.00. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.

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Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

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