Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,508 shares of the real estate investment trust’s stock after acquiring an additional 8,032 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Invesco Mortgage Capital worth $801,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Valley Brook Capital Group Inc. lifted its holdings in Invesco Mortgage Capital by 12.2% in the first quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,250 shares during the period. California State Teachers Retirement System lifted its holdings in Invesco Mortgage Capital by 2.9% in the first quarter. California State Teachers Retirement System now owns 48,476 shares of the real estate investment trust’s stock valued at $469,000 after acquiring an additional 1,362 shares during the period. American International Group Inc. increased its position in shares of Invesco Mortgage Capital by 7.8% in the first quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,740 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Invesco Mortgage Capital by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,541 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 2,236 shares in the last quarter. Finally, Cetera Advisors LLC increased its position in shares of Invesco Mortgage Capital by 4.6% in the first quarter. Cetera Advisors LLC now owns 58,310 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 2,550 shares in the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Stock Performance

Shares of IVR opened at $8.88 on Tuesday. Invesco Mortgage Capital Inc. has a one year low of $6.34 and a one year high of $10.24. The stock has a market capitalization of $433.57 million, a price-to-earnings ratio of -12.69 and a beta of 1.89. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $9.04.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 EPS for the quarter, topping the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. The firm had revenue of $68.03 million during the quarter, compared to analysts’ expectations of $9.27 million. During the same period in the previous year, the business earned $1.45 earnings per share. On average, analysts predict that Invesco Mortgage Capital Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. Janney Montgomery Scott assumed coverage on Invesco Mortgage Capital in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $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.