Fuller & Thaler Asset Management Inc. boosted its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 144.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 153,100 shares of the real estate investment trust’s stock after buying an additional 90,400 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Invesco Mortgage Capital were worth $2,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in shares of Invesco Mortgage Capital by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,992 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 488 shares during the period. Creative Planning lifted its position in shares of Invesco Mortgage Capital by 6.4% during the 4th quarter. Creative Planning now owns 55,188 shares of the real estate investment trust’s stock valued at $984,000 after acquiring an additional 3,343 shares during the period. Stifel Financial Corp lifted its position in shares of Invesco Mortgage Capital by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 76,924 shares of the real estate investment trust’s stock valued at $1,320,000 after acquiring an additional 3,673 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco Mortgage Capital by 33.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,812 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 4,242 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Invesco Mortgage Capital by 34.8% during the 3rd quarter. Principal Financial Group Inc. now owns 18,854 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 4,866 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.
Shares of Invesco Mortgage Capital Inc (IVR) opened at $15.37 on Thursday. The firm has a market capitalization of $1,763.66, a price-to-earnings ratio of 5.59 and a beta of 0.67. 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.
In other Invesco Mortgage Capital news, Director Dennis P. Lockhart purchased 61,750 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $16.00 per share, with a total value of $988,000.00. Following the acquisition, the director now owns 33,427 shares of the company’s stock, valued at $534,832. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.
Separately, Credit Suisse Group downgraded Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and upped their target price for the company from $17.74 to $18.00 in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Invesco Mortgage Capital has an average rating of “Buy” and an average price target of $18.08.
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About Invesco Mortgage Capital
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.
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