Odyssean LLC Grows Stock Position in Invesco Mortgage Capital Inc $IVR

Odyssean LLC raised its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 144.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 374,410 shares of the real estate investment trust’s stock after acquiring an additional 221,498 shares during the period. Odyssean LLC’s holdings in Invesco Mortgage Capital were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Mortgage Capital by 3,282.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,954 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Invesco Mortgage Capital in the 4th quarter valued at about $33,000. Caption Management LLC purchased a new stake in Invesco Mortgage Capital during the fourth quarter valued at about $43,000. Comerica Bank lifted its holdings in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Invesco Mortgage Capital by 83.5% during the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 2,548 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analysts Set New Price Targets

IVR has been the subject of several recent research reports. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Invesco Mortgage Capital has an average rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Stock Down 0.9%

IVR stock opened at $7.42 on Wednesday. The firm has a market capitalization of $798.15 million, a PE ratio of 5.01 and a beta of 1.60. Invesco Mortgage Capital Inc has a twelve month low of $7.10 and a twelve month high of $9.50. The stock has a 50-day simple moving average of $7.71 and a two-hundred day simple moving average of $8.02.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The firm had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $46.48 million. On average, equities research analysts anticipate that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, August 25th. This represents a c) annualized dividend and a yield of 19.4%. Invesco Mortgage Capital’s dividend payout ratio is currently 97.30%.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.