Nordea Investment Management AB raised its stake in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,714 shares of the real estate investment trust’s stock after purchasing an additional 6,314 shares during the quarter. Nordea Investment Management AB owned about 0.15% of Invesco Mortgage Capital worth $3,140,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IVR. Bank of Montreal Can increased its position in shares of Invesco Mortgage Capital by 93.7% during the fourth quarter. Bank of Montreal Can now owns 9,648 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 4,668 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $3,562,000. Comerica Bank increased its position in shares of Invesco Mortgage Capital by 0.8% during the fourth quarter. Comerica Bank now owns 108,609 shares of the real estate investment trust’s stock valued at $1,734,000 after acquiring an additional 868 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Invesco Mortgage Capital during the fourth quarter valued at approximately $615,000. Finally, Piedmont Investment Advisors Inc. increased its position in shares of Invesco Mortgage Capital by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 26,902 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 854 shares in the last quarter. 69.10% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider David B. Lyle bought 7,232 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $16.04 per share, for a total transaction of $116,001.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Day sold 12,172 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.01, for a total transaction of $194,873.72. The disclosure for this sale can be found here. Insiders purchased 8,364 shares of company stock worth $134,465 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.
Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Invesco Mortgage Capital had a net margin of 1.81% and a return on equity of 12.09%. The company had revenue of $74.10 million for the quarter, compared to analysts’ expectations of $71.30 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was down 12.9% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.94%. The ex-dividend date is Thursday, June 27th.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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