Public Employees Retirement Association of Colorado Reduced Holding in Invesco Mortgage Capital Inc (IVR)

Public Employees Retirement Association of Colorado Reduced Holding in Invesco Mortgage Capital Inc (IVR)

Public Employees Retirement Association of Colorado cut its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,663 shares of the real estate investment trust’s stock after selling 4,976 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Invesco Mortgage Capital were worth $627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in Invesco Mortgage Capital by 11.6% in the third quarter. Global X Management Co. LLC now owns 1,406,918 shares of the real estate investment trust’s stock worth $21,427,000 after buying an additional 145,803 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of Invesco Mortgage Capital by 9.0% in the third quarter. BlackRock Advisors LLC now owns 58,862 shares of the real estate investment trust’s stock valued at $896,000 after buying an additional 4,872 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco Mortgage Capital by 74.9% in the third quarter. Ameriprise Financial Inc. now owns 367,552 shares of the real estate investment trust’s stock valued at $5,597,000 after buying an additional 157,447 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Invesco Mortgage Capital by 0.9% in the third quarter. California State Teachers Retirement System now owns 238,337 shares of the real estate investment trust’s stock valued at $3,630,000 after buying an additional 2,200 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Invesco Mortgage Capital during the third quarter valued at about $234,000. Institutional investors own 62.96% of the company’s stock.

Invesco Mortgage Capital Inc (IVR) traded up 1.24% during midday trading on Thursday, hitting $16.34. 997,675 shares of the company traded hands. The stock has a 50 day moving average of $15.97 and a 200 day moving average of $15.30. Invesco Mortgage Capital Inc has a 12-month low of $13.24 and a 12-month high of $16.67. The stock has a market cap of $1.82 billion, a P/E ratio of 4.29 and a beta of 0.76.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Invesco Mortgage Capital had a return on equity of 9.82% and a net margin of 13.63%. The business had revenue of $86.27 million during the quarter, compared to analysts’ expectations of $80.90 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Invesco Mortgage Capital Inc will post $1.60 EPS for the current fiscal year.

Several equities analysts have issued reports on IVR shares. Wunderlich boosted their price objective on shares of Invesco Mortgage Capital from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. TheStreet upgraded shares of Invesco Mortgage Capital from a “d+” rating to a “c-” rating in a research report on Wednesday, February 22nd. Keefe, Bruyette & Woods set a $16.00 target price on shares of Invesco Mortgage Capital and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Nomura lowered shares of Invesco Mortgage Capital from a “buy” rating to a “neutral” rating in a research report on Friday, February 24th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.75.

In other news, insider John Anzalone bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $15.54 per share, with a total value of $31,080.00. Following the completion of the purchase, the insider now directly owns 62,107 shares of the company’s stock, valued at approximately $965,142.78. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider David B. Lyle bought 4,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were purchased at an average cost of $15.00 per share, with a total value of $69,000.00. Following the purchase, the insider now directly owns 13,668 shares of the company’s stock, valued at $205,020. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IVR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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