Bogart Wealth LLC Acquires 2,400 Shares of Invesco Mortgage Capital Inc $IVR

Bogart Wealth LLC increased its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 103.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,711 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the quarter. Bogart Wealth LLC’s holdings in Invesco Mortgage Capital were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Invesco Mortgage Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust’s stock worth $27,091,000 after buying an additional 239,579 shares during the last quarter. Invesco Ltd. grew its stake in shares of Invesco Mortgage Capital by 1.6% in the first quarter. Invesco Ltd. now owns 2,363,174 shares of the real estate investment trust’s stock worth $18,645,000 after acquiring an additional 38,354 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Invesco Mortgage Capital by 151.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,295,263 shares of the real estate investment trust’s stock valued at $10,220,000 after purchasing an additional 780,225 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Invesco Mortgage Capital during the first quarter valued at approximately $6,996,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Invesco Mortgage Capital by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 505,059 shares of the real estate investment trust’s stock worth $3,985,000 after purchasing an additional 31,382 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock opened at $7.28 on Wednesday. The stock has a market cap of $482.41 million, a P/E ratio of 18.19 and a beta of 1.74. The stock’s fifty day moving average is $7.58 and its 200 day moving average is $7.48. Invesco Mortgage Capital Inc has a one year low of $5.86 and a one year high of $9.06.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $17.73 million during the quarter, compared to analyst estimates of $45.93 million. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%. Analysts predict that Invesco Mortgage Capital Inc will post 2.49 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Monday, October 6th will be paid a dividend of $0.34 per share. The ex-dividend date is Monday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 18.7%. Invesco Mortgage Capital’s payout ratio is 340.00%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Invesco Mortgage Capital to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Invesco Mortgage Capital in a report on Tuesday, October 14th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group boosted their price target on Invesco Mortgage Capital from $7.25 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $7.50.

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.