Wolverine Asset Management LLC Buys Shares of 106,658 Invesco Mortgage Capital Inc. (NYSE:IVR)

Wolverine Asset Management LLC bought a new stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) in the third quarter, Holdings Channel reports. The firm bought 106,658 shares of the real estate investment trust’s stock, valued at approximately $1,002,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp lifted 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. PL Capital Advisors LLC increased its stake in Invesco Mortgage Capital by 100.0% in the third quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock valued at $3,756,000 after acquiring an additional 200,000 shares during the period. International Assets Investment Management LLC increased its stake in Invesco Mortgage Capital by 839.0% in the third quarter. International Assets Investment Management LLC now owns 25,823 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 23,073 shares during the period. Firethorn Wealth Partners LLC boosted its position in Invesco Mortgage Capital by 68.3% in the third quarter. Firethorn Wealth Partners LLC now owns 67,416 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 27,356 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Invesco Mortgage Capital during the third quarter worth approximately $172,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock opened at $8.27 on Wednesday. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $9.97. The company has a market cap of $501.93 million, a PE ratio of 6.89 and a beta of 1.90. The stock’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $8.94.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same period in the prior year, the business earned $1.51 earnings per share. On average, equities analysts predict that Invesco Mortgage Capital Inc. will post 3.24 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.36%. Invesco Mortgage Capital’s payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IVR shares. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

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.