Northern Trust Corp Buys 132,463 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Northern Trust Corp grew its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 572,095 shares of the real estate investment trust's stock after acquiring an additional 132,463 shares during the period. Northern Trust Corp owned 0.94% of Invesco Mortgage Capital worth $4,605,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Nebula Research & Development LLC bought a new position in Invesco Mortgage Capital in the fourth quarter worth approximately $347,000. Price T Rowe Associates Inc. MD raised its position in Invesco Mortgage Capital by 12.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,831 shares of the real estate investment trust's stock worth $442,000 after acquiring an additional 6,271 shares during the period. Tower Research Capital LLC TRC raised its position in Invesco Mortgage Capital by 1,554.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,097 shares of the real estate investment trust's stock worth $323,000 after acquiring an additional 37,674 shares during the period. MetLife Investment Management LLC raised its position in Invesco Mortgage Capital by 13.2% in the fourth quarter. MetLife Investment Management LLC now owns 30,123 shares of the real estate investment trust's stock worth $242,000 after acquiring an additional 3,517 shares during the period. Finally, XTX Topco Ltd bought a new position in Invesco Mortgage Capital in the fourth quarter worth approximately $96,000. 40.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a research report on Friday, May 9th.

Invesco Mortgage Capital Price Performance

Shares of IVR stock traded up $0.03 on Friday, hitting $7.36. 1,137,768 shares of the stock traded hands, compared to its average volume of 1,457,361. The firm has a market cap of $485.00 million, a price-to-earnings ratio of 11.32 and a beta of 1.67. Invesco Mortgage Capital Inc. has a 52 week low of $5.86 and a 52 week high of $9.97. The firm has a 50 day simple moving average of $7.40 and a two-hundred day simple moving average of $8.04.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $18.82 million for the quarter, compared to the consensus estimate of $44.71 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. Sell-side analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were given a dividend of $0.34 per share. The ex-dividend date was Monday, April 7th. This represents a $1.36 annualized dividend and a dividend yield of 18.49%. Invesco Mortgage Capital's payout ratio is 323.81%.

Invesco Mortgage Capital Company 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.