Thornburg Investment Management Inc Lowers stake in Invesco Mortgage Capital Inc (IVR)

Invesco Mortgage Capital Inc (IVR) : Thornburg Investment Management Inc reduced its stake in Invesco Mortgage Capital Inc by 8.64% during the most recent quarter end. The investment management company now holds a total of 14,485,417 shares of Invesco Mortgage Capital Inc which is valued at $221,771,734 after selling 1,370,000 shares in Invesco Mortgage Capital Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Invesco Mortgage Capital Inc makes up approximately 1.63% of Thornburg Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in IVR in the latest quarter, The investment management firm added 88,714 additional shares and now holds a total of 179,419 shares of Invesco Mortgage Capital Inc which is valued at $2,746,905.Teacher Retirement System Of Texas boosted its stake in IVR in the latest quarter, The investment management firm added 1,280 additional shares and now holds a total of 15,917 shares of Invesco Mortgage Capital Inc which is valued at $248,305.Gsa Capital Partners Llp boosted its stake in IVR in the latest quarter, The investment management firm added 81,698 additional shares and now holds a total of 117,790 shares of Invesco Mortgage Capital Inc which is valued at $1,824,567. Invesco Mortgage Capital Inc makes up approx 0.10% of Gsa Capital Partners Llp’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in IVR by selling 6,106 shares or 9.78% in the most recent quarter. The Hedge Fund company now holds 56,350 shares of IVR which is valued at $811,440. Invesco Mortgage Capital Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Capital Investment Advisors reduced its stake in IVR by selling 10,000 shares or 45.25% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of IVR which is valued at $173,635. Invesco Mortgage Capital Inc makes up approx 0.02% of Capital Investment Advisors’s portfolio.

Invesco Mortgage Capital Inc opened for trading at $15.42 and hit $15.61 on the upside on Monday, eventually ending the session at $15.55, with a gain of 1.17% or 0.18 points. The heightened volatility saw the trading volume jump to 5,39,438 shares. Company has a market cap of $1,735 M.

On the company’s financial health, Invesco Mortgage Capital Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $79.24 million for the quarter, compared to analysts expectations of $72.47 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Invesco Mortgage Capital Inc. Nomura Upgraded Invesco Mortgage Capital Inc on May 18, 2016 to ” Buy”, Price Target of the shares are set at $16.

Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS) RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS) credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT) commercial mortgage-backed securities (CMBS) residential and commercial mortgage loans and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers Inc.

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