Campbell & CO Investment Adviser LLC trimmed its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,399 shares of the real estate investment trust’s stock after selling 4,600 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Invesco Mortgage Capital were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVR. Principal Financial Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,016,569 shares of the real estate investment trust’s stock valued at $16,652,000 after buying an additional 34,384 shares during the period. James Investment Research Inc. bought a new position in shares of Invesco Mortgage Capital during the 2nd quarter valued at $1,895,000. Cornerstone Wealth Management LLC bought a new position in shares of Invesco Mortgage Capital during the 2nd quarter valued at $200,000. Bessemer Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 28.6% during the 2nd quarter. Bessemer Group Inc. now owns 89,943 shares of the real estate investment trust’s stock valued at $1,430,000 after buying an additional 20,030 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Invesco Mortgage Capital by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 556,939 shares of the real estate investment trust’s stock valued at $8,855,000 after buying an additional 20,135 shares during the period. 65.56% of the stock is currently owned by hedge funds and other institutional investors.
IVR has been the topic of a number of recent research reports. ValuEngine raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Keefe, Bruyette & Woods cut Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a report on Thursday, August 9th.
Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Invesco Mortgage Capital had a return on equity of 10.95% and a net margin of 33.39%. The company had revenue of $70.84 million during the quarter, compared to the consensus estimate of $63.90 million. During the same period in the prior year, the business posted $0.44 earnings per share. Invesco Mortgage Capital’s revenue for the quarter was down 17.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Tuesday, September 25th were issued a $0.42 dividend. The ex-dividend date was Monday, September 24th. This represents a $1.68 dividend on an annualized basis and a yield of 11.10%.
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Invesco Mortgage Capital Company Profile
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 mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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