Burney Co. boosted its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,949 shares of the real estate investment trust’s stock after purchasing an additional 12,633 shares during the quarter. Burney Co. owned approximately 0.07% of Invesco Mortgage Capital worth $1,516,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of IVR. Osborn Williams & Donohoe LLC purchased a new stake in Invesco Mortgage Capital during the first quarter valued at approximately $31,000. Oregon Public Employees Retirement Fund purchased a new stake in Invesco Mortgage Capital during the fourth quarter valued at approximately $42,000. Victory Capital Management Inc. purchased a new stake in Invesco Mortgage Capital during the first quarter valued at approximately $43,000. Parallel Advisors LLC increased its holdings in Invesco Mortgage Capital by 1,495.0% during the first quarter. Parallel Advisors LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 3,304 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Invesco Mortgage Capital during the first quarter valued at approximately $65,000. Institutional investors own 69.10% of the company’s stock.
Shares of NYSE IVR opened at $16.07 on Thursday. The firm has a market capitalization of $2.07 billion, a PE ratio of 9.18 and a beta of 0.73. Invesco Mortgage Capital Inc has a 1 year low of $13.67 and a 1 year high of $16.66.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The firm had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $71.30 million. Invesco Mortgage Capital had a net margin of 1.81% and a return on equity of 12.09%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share.
In related news, Director John Day sold 12,172 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.01, for a total transaction of $194,873.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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, with a total value of $116,001.28. The disclosure for this purchase can be found here. Over the last three months, insiders bought 8,364 shares of company stock valued at $134,465. Corporate insiders own 0.26% of the company’s stock.
Separately, Barclays reissued a “hold” rating and issued a $15.00 price objective on shares of Invesco Mortgage Capital in a research note on Sunday, February 24th.
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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