Nuveen Asset Management LLC Sells 59,005 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Nuveen Asset Management LLC decreased its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,065 shares of the real estate investment trust's stock after selling 59,005 shares during the period. Nuveen Asset Management LLC owned approximately 0.18% of Invesco Mortgage Capital worth $862,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its stake in Invesco Mortgage Capital by 76.2% during the fourth quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock valued at $373,000 after buying an additional 20,038 shares during the period. Cetera Investment Advisers boosted its stake in Invesco Mortgage Capital by 19.6% during the fourth quarter. Cetera Investment Advisers now owns 127,088 shares of the real estate investment trust's stock valued at $1,023,000 after buying an additional 20,788 shares during the period. Balyasny Asset Management L.P. boosted its stake in Invesco Mortgage Capital by 100.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,457,258 shares of the real estate investment trust's stock valued at $11,731,000 after buying an additional 730,497 shares during the period. Bank of America Corp DE boosted its stake in Invesco Mortgage Capital by 32.3% during the fourth quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust's stock valued at $491,000 after buying an additional 14,897 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Invesco Mortgage Capital during the fourth quarter valued at $50,000. Institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Price Performance

IVR stock traded up $0.05 during mid-day trading on Friday, hitting $7.58. 1,038,298 shares of the stock were exchanged, compared to its average volume of 1,478,352. The business has a fifty day moving average price of $7.21 and a 200 day moving average price of $7.98. Invesco Mortgage Capital Inc. has a 12 month low of $5.86 and a 12 month high of $9.97. The stock has a market capitalization of $499.84 million, a price-to-earnings ratio of 11.66 and a beta of 1.64.

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

Invesco Mortgage Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 17.94%. The ex-dividend date was Monday, April 7th. Invesco Mortgage Capital's dividend payout ratio (DPR) is currently 323.81%.

Analyst Ratings Changes

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

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.