Systematic Financial Management LP trimmed its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 84,030 shares of the real estate investment trust’s stock after selling 6,465 shares during the period. Systematic Financial Management LP’s holdings in Invesco Mortgage Capital were worth $1,498,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of IVR. BlackRock Inc. grew its holdings in Invesco Mortgage Capital by 63.1% during the 4th quarter. BlackRock Inc. now owns 17,609,663 shares of the real estate investment trust’s stock worth $313,981,000 after acquiring an additional 6,810,380 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco Mortgage Capital by 92.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,537,853 shares of the real estate investment trust’s stock worth $27,419,000 after acquiring an additional 739,434 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in Invesco Mortgage Capital during the 3rd quarter worth about $11,342,000. Old Mutual Global Investors UK Ltd. grew its holdings in Invesco Mortgage Capital by 497.1% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 665,915 shares of the real estate investment trust’s stock worth $11,873,000 after acquiring an additional 554,382 shares in the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in Invesco Mortgage Capital by 422.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 432,145 shares of the real estate investment trust’s stock worth $7,403,000 after acquiring an additional 349,365 shares in the last quarter. Institutional investors own 72.74% of the company’s stock.
Invesco Mortgage Capital Inc (NYSE:IVR) opened at $15.80 on Wednesday. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital Inc has a 1-year low of $14.72 and a 1-year high of $18.86. The stock has a market cap of $1,804.96, a PE ratio of 5.75 and a beta of 0.67.
Separately, Credit Suisse Group cut shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $17.74 to $18.00 in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.08.
COPYRIGHT VIOLATION WARNING: This report was reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3228875/systematic-financial-management-lp-sells-6465-shares-of-invesco-mortgage-capital-inc-ivr.html.
Invesco Mortgage Capital 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.
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital Inc (NYSE:IVR).
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.