Range Financial Group LLC Makes New Investment in Invesco Mortgage Capital Inc. (NYSE:IVR)

Range Financial Group LLC bought a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,563 shares of the real estate investment trust’s stock, valued at approximately $180,000.

A number of other hedge funds have also bought and sold shares of the business. Swiss National Bank raised its position in Invesco Mortgage Capital by 1.6% in the 3rd quarter. Swiss National Bank now owns 91,601 shares of the real estate investment trust’s stock worth $917,000 after buying an additional 1,400 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Invesco Mortgage Capital by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 46,309 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 5,830 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Invesco Mortgage Capital by 500.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 7,544 shares during the last quarter. Firethorn Wealth Partners LLC increased its position in shares of Invesco Mortgage Capital by 48.8% during the 4th quarter. Firethorn Wealth Partners LLC now owns 29,074 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 9,537 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Invesco Mortgage Capital by 32.0% during the 4th quarter. Truist Financial Corp now owns 39,763 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 9,637 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IVR shares. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Janney Montgomery Scott assumed coverage on shares of Invesco Mortgage Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.50.

Invesco Mortgage Capital Stock Performance

NYSE IVR opened at $9.31 on Tuesday. Invesco Mortgage Capital Inc. has a 12 month low of $6.34 and a 12 month high of $12.37. The company’s 50 day moving average is $9.02 and its two-hundred day moving average is $9.00.

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.