JPMorgan Chase & Co. Acquires 81,477 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

JPMorgan Chase & Co. lifted its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR) by 134.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,974 shares of the real estate investment trust’s stock after buying an additional 81,477 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of Invesco Mortgage Capital worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Invesco Mortgage Capital by 7.0% during the third quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock worth $11,504,000 after acquiring an additional 80,051 shares during the last quarter. State Street Corp raised its holdings 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 purchasing an additional 12,557 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Invesco Mortgage Capital by 3.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 537,168 shares of the real estate investment trust’s stock valued at $5,044,000 after purchasing an additional 17,453 shares during the period. Van ECK Associates Corp boosted its stake in shares of Invesco Mortgage Capital by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 491,433 shares of the real estate investment trust’s stock valued at $4,615,000 after purchasing an additional 32,359 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Invesco Mortgage Capital by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,296 shares of the real estate investment trust’s stock worth $4,012,000 after buying an additional 15,503 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR opened at $8.13 on Friday. The firm’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $8.59. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $9.97. The company has a market capitalization of $493.73 million, a price-to-earnings ratio of 6.78 and a beta of 1.86.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The firm had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. During the same quarter last year, the business posted $1.51 earnings per share. Equities research analysts expect that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 30th were paid a $0.40 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a yield of 19.68%. Invesco Mortgage Capital’s payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

IVR has been the topic of several analyst reports. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

Invesco Mortgage Capital Profile

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.