Nuveen Asset Management LLC cut its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,065 shares of the real estate investment trust's stock after selling 59,005 shares during the quarter. Nuveen Asset Management LLC owned about 0.18% of Invesco Mortgage Capital worth $862,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in Invesco Mortgage Capital by 1.9% during 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 buying an additional 2,472 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 427.0% in the 4th 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 grew its holdings in shares of Invesco Mortgage Capital by 1.8% in the 4th 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. Van ECK Associates Corp increased its stake in Invesco Mortgage Capital by 30.5% in the 4th quarter. Van ECK Associates Corp now owns 641,390 shares of the real estate investment trust's stock valued at $5,163,000 after purchasing an additional 149,957 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Invesco Mortgage Capital by 76.2% in the 4th quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 20,038 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Friday, May 9th.
View Our Latest Analysis on Invesco Mortgage Capital
Invesco Mortgage Capital Stock Performance
NYSE IVR traded up $0.05 during trading hours on Friday, reaching $7.58. The company's stock had a trading volume of 1,038,270 shares, compared to its average volume of 1,472,813. The company's 50-day moving average is $7.22 and its two-hundred day moving average is $7.99. Invesco Mortgage Capital Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $9.97. The stock has a market cap of $499.84 million, a PE ratio of 11.66 and a beta of 1.64.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its quarterly earnings results 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. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. The business had revenue of $18.82 million for the quarter, compared to analyst estimates of $44.71 million. Equities analysts expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.
Invesco Mortgage Capital Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were given 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 payout ratio is 323.81%.
About Invesco Mortgage Capital
(
Free Report)
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.
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