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

Northern Trust Corp lifted its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 30.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 572,095 shares of the real estate investment trust's stock after acquiring an additional 132,463 shares during the quarter. Northern Trust Corp owned 0.94% of Invesco Mortgage Capital worth $4,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Invesco Mortgage Capital by 134.7% during the third quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust's stock valued at $1,333,000 after purchasing an additional 81,477 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Invesco Mortgage Capital by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock worth $1,068,000 after acquiring an additional 2,472 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 427.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 3,758 shares during the period. Rhumbline Advisers boosted its holdings in shares of Invesco Mortgage Capital by 1.8% in the fourth quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust's stock worth $681,000 after acquiring an additional 1,513 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Invesco Mortgage Capital by 30.5% in the fourth quarter. Van ECK Associates Corp now owns 641,390 shares of the real estate investment trust's stock worth $5,163,000 after acquiring an additional 149,957 shares during the period. 40.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock traded up $0.03 during midday trading on Tuesday, hitting $7.38. The company had a trading volume of 1,618,778 shares, compared to its average volume of 1,461,937. The stock has a market capitalization of $486.65 million, a P/E ratio of 11.35 and a beta of 1.67. The company has a 50 day moving average of $7.34 and a 200 day moving average of $8.02. Invesco Mortgage Capital Inc. has a 52-week low of $5.86 and a 52-week high of $9.97.

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

Invesco Mortgage Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were given a $0.34 dividend. The ex-dividend date was Monday, April 7th. This represents a $1.36 annualized dividend and a yield of 18.43%. Invesco Mortgage Capital's dividend payout ratio (DPR) is presently 323.81%.

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.