United Services Automobile Association grew its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,602 shares of the real estate investment trust’s stock after acquiring an additional 17,568 shares during the quarter. United Services Automobile Association owned about 0.17% of Invesco Mortgage Capital worth $3,180,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new stake in Invesco Mortgage Capital in the fourth quarter valued at approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Invesco Mortgage Capital by 32.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,970 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,692 shares during the period. Bank of Montreal Can increased its stake in shares of Invesco Mortgage Capital by 93.7% during the fourth quarter. Bank of Montreal Can now owns 9,648 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 4,668 shares during the period. Telemus Capital LLC purchased a new position in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $145,000. Finally, Advisor Group Inc. increased its stake in shares of Invesco Mortgage Capital by 12.6% during the fourth quarter. Advisor Group Inc. now owns 10,950 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 1,223 shares during the period. Hedge funds and other institutional investors own 58.66% of the company’s stock.
Separately, Barclays reissued a “hold” rating and set a $15.00 target price on shares of Invesco Mortgage Capital in a research note on Sunday, February 24th.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $143.89 million for the quarter, compared to analysts’ expectations of $63.80 million. Invesco Mortgage Capital had a positive return on equity of 11.98% and a negative net margin of 9.79%. During the same period in the prior year, the firm earned $0.47 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.22%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 28th.
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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 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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