EMG Holdings L.P. Acquires Shares of 150,817 Invesco Mortgage Capital Inc. (NYSE:IVR)

EMG Holdings L.P. purchased a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,817 shares of the real estate investment trust’s stock, valued at approximately $1,214,000. Invesco Mortgage Capital accounts for 0.7% of EMG Holdings L.P.’s holdings, making the stock its 18th biggest position. EMG Holdings L.P. owned approximately 0.25% of Invesco Mortgage Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IVR. PL Capital Advisors LLC raised its holdings in shares of Invesco Mortgage Capital by 705.0% in the 4th quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust’s stock valued at $25,921,000 after purchasing an additional 2,820,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Invesco Mortgage Capital by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 3,193,984 shares of the real estate investment trust’s stock valued at $25,712,000 after acquiring an additional 206,355 shares during the period. Geode Capital Management LLC raised its stake in shares of Invesco Mortgage Capital by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 1,351,663 shares of the real estate investment trust’s stock worth $10,882,000 after purchasing an additional 126,868 shares during the last quarter. State Street Corp raised its position in Invesco Mortgage Capital by 1.3% during the 3rd quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust’s stock worth $9,517,000 after buying an additional 12,557 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Invesco Mortgage Capital by 30.5% during the fourth quarter. Van ECK Associates Corp now owns 641,390 shares of the real estate investment trust’s stock worth $5,163,000 after purchasing an additional 149,957 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Invesco Mortgage Capital Stock Up 2.0 %

Shares of NYSE:IVR opened at $8.05 on Wednesday. The firm’s 50 day moving average price is $8.54 and its 200 day moving average price is $8.47. The stock has a market cap of $525.12 million, a price-to-earnings ratio of 12.38 and a beta of 1.93. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.21). The business had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, equities analysts anticipate that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, April 7th. This represents a $1.36 annualized dividend and a yield of 16.90%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 209.23%.

About Invesco Mortgage Capital

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.