State Board of Administration of Florida Retirement System Maintains Position in INVESCO MORTGAGE CAPITAL INC (IVR)

State Board of Administration of Florida Retirement System held its position in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,598 shares of the real estate investment trust’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned about 0.09% of INVESCO MORTGAGE CAPITAL INC worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVR. Ameritas Investment Partners Inc. acquired a new stake in INVESCO MORTGAGE CAPITAL INC in the first quarter valued at approximately $150,000. First Financial Equity Corporation acquired a new stake in INVESCO MORTGAGE CAPITAL INC in the first quarter valued at approximately $168,000. Raymond James Financial Services Advisors Inc. lifted its stake in INVESCO MORTGAGE CAPITAL INC by 8.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,570 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 1,016 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in INVESCO MORTGAGE CAPITAL INC by 203.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 9,000 shares during the last quarter. Finally, West Family Investments Inc. acquired a new stake in INVESCO MORTGAGE CAPITAL INC in the second quarter valued at approximately $231,000. Hedge funds and other institutional investors own 63.38% of the company’s stock.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) opened at 16.65 on Friday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 3.97 and a beta of 0.80. INVESCO MORTGAGE CAPITAL INC has a 12 month low of $14.15 and a 12 month high of $17.34. The company’s 50-day moving average is $16.89 and its 200-day moving average is $16.24.

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. INVESCO MORTGAGE CAPITAL INC had a return on equity of 8.97% and a net margin of 71.92%. The business had revenue of $82.94 million during the quarter, compared to the consensus estimate of $84.50 million. During the same quarter last year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that INVESCO MORTGAGE CAPITAL INC will post $1.61 earnings per share for the current year.

A number of research firms have recently commented on IVR. BidaskClub raised shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered shares of INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 price target on shares of INVESCO MORTGAGE CAPITAL INC in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.81.

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INVESCO MORTGAGE CAPITAL INC Company Profile

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

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Institutional Ownership by Quarter for INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

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