Firethorn Wealth Partners LLC Increases Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Firethorn Wealth Partners LLC grew its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 68.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,416 shares of the real estate investment trust’s stock after purchasing an additional 27,356 shares during the quarter. Firethorn Wealth Partners LLC owned approximately 0.14% of Invesco Mortgage Capital worth $633,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley Brook Capital Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 12.2% in the 1st quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,250 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Invesco Mortgage Capital by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,856 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,360 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Invesco Mortgage Capital by 2.9% during the first quarter. California State Teachers Retirement System now owns 48,476 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 1,362 shares during the period. American International Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 7.8% during the first quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,740 shares during the last quarter. Finally, PFG Investments LLC increased its position in Invesco Mortgage Capital by 6.2% in the 2nd quarter. PFG Investments LLC now owns 32,172 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 1,874 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

IVR has been the subject of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.00.

Invesco Mortgage Capital Price Performance

Invesco Mortgage Capital stock opened at $8.81 on Thursday. The stock’s 50 day moving average price is $8.81 and its 200 day moving average price is $8.99. The company has a market cap of $430.16 million, a PE ratio of -12.59 and a beta of 1.90. Invesco Mortgage Capital Inc. has a 1-year low of $6.34 and a 1-year high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $68.03 million for the quarter, compared to analysts’ expectations of $9.27 million. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. During the same period in the prior year, the company posted $1.45 EPS. On average, equities research analysts anticipate that Invesco Mortgage Capital Inc. will post 3.23 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 18.16%. The ex-dividend date is Monday, October 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is -228.57%.

Invesco Mortgage Capital Profile

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.