37,700 Shares in Invesco Mortgage Capital Inc (IVR) Acquired by Commonwealth Bank of Australia

Commonwealth Bank of Australia acquired a new stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,700 shares of the real estate investment trust’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IVR. Principal Financial Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 3.5% during the first quarter. Principal Financial Group Inc. now owns 1,016,569 shares of the real estate investment trust’s stock worth $16,652,000 after purchasing an additional 34,384 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Invesco Mortgage Capital during the second quarter worth $200,000. Bessemer Group Inc. lifted its holdings in shares of Invesco Mortgage Capital by 28.6% during the second quarter. Bessemer Group Inc. now owns 89,943 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 20,030 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Invesco Mortgage Capital by 3.8% during the second quarter. Wells Fargo & Company MN now owns 556,939 shares of the real estate investment trust’s stock worth $8,855,000 after purchasing an additional 20,135 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Invesco Mortgage Capital by 53.8% during the second quarter. Assetmark Inc. now owns 10,836 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 3,791 shares during the period. Institutional investors and hedge funds own 65.56% of the company’s stock.

Several research analysts have issued reports on IVR shares. Keefe, Bruyette & Woods cut Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research report on Thursday, August 9th. ValuEngine cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd.

NYSE:IVR opened at $15.20 on Monday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.01 and a quick ratio of 0.01. Invesco Mortgage Capital Inc has a 1 year low of $14.53 and a 1 year high of $18.86.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $63.90 million. Invesco Mortgage Capital had a return on equity of 10.95% and a net margin of 33.39%. The company’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

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

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