PL Capital Advisors LLC Has $789,000 Holdings in INVESCO MORTGAGE CAPITAL INC $IVR

Key Points

• PL Capital Advisors LLC has significantly reduced its stake in Invesco Mortgage Capital by selling 300,000 shares, leaving it with 100,000 shares, which now constitutes only 0.3% of its portfolio.
• Multiple institutional investors are actively trading Invesco Mortgage Capital, with GAMMA Investing LLC increasing its holdings by over 419% in the first quarter.
• Invesco Mortgage Capital's quarterly earnings report exceeded analyst expectations, with earnings per share at $0.58, despite a significant shortfall in revenue compared to forecasts.

PL Capital Advisors LLC lowered its holdings in INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Free Report) by 75.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the real estate investment trust's stock after selling 300,000 shares during the period. INVESCO MORTGAGE CAPITAL makes up about 0.3% of PL Capital Advisors LLC's portfolio, making the stock its 21st largest holding. PL Capital Advisors LLC owned approximately 0.15% of INVESCO MORTGAGE CAPITAL worth $789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its position in INVESCO MORTGAGE CAPITAL by 9.5% during the 1st quarter. Arizona State Retirement System now owns 17,419 shares of the real estate investment trust's stock worth $137,000 after purchasing an additional 1,510 shares in the last quarter. GAMMA Investing LLC increased its position in INVESCO MORTGAGE CAPITAL by 419.4% during the 1st quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust's stock worth $150,000 after purchasing an additional 1,535 shares in the last quarter. Rhumbline Advisers increased its position in INVESCO MORTGAGE CAPITAL by 2.7% during the 1st quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust's stock worth $685,000 after purchasing an additional 2,260 shares in the last quarter. PNC Financial Services Group Inc. increased its position in INVESCO MORTGAGE CAPITAL by 59.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 2,757 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in INVESCO MORTGAGE CAPITAL by 31.0% during the 1st quarter. Russell Investments Group Ltd. now owns 11,989 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 2,835 shares in the last quarter. Institutional investors own 40.54% of the company's stock.

INVESCO MORTGAGE CAPITAL Stock Performance

Shares of NYSE:IVR traded up $0.2150 during mid-day trading on Friday, reaching $7.7950. 1,973,230 shares of the company's stock were exchanged, compared to its average volume of 1,236,440. The firm has a market capitalization of $516.89 million, a price-to-earnings ratio of 19.49 and a beta of 1.70. The business's fifty day moving average price is $7.66 and its 200-day moving average price is $7.77. INVESCO MORTGAGE CAPITAL INC has a twelve month low of $5.86 and a twelve month high of $9.42.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. INVESCO MORTGAGE CAPITAL had a net margin of 13.77% and a return on equity of 30.04%. The company had revenue of $17.73 million for the quarter, compared to analyst estimates of $45.93 million. Analysts predict that INVESCO MORTGAGE CAPITAL INC will post 2.49 EPS for the current fiscal year.

INVESCO MORTGAGE CAPITAL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.34 per share. The ex-dividend date was Monday, July 7th. This represents a $1.36 annualized dividend and a dividend yield of 17.4%. INVESCO MORTGAGE CAPITAL's dividend payout ratio is 340.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of INVESCO MORTGAGE CAPITAL to a "hold" rating in a research report on Monday, August 11th. UBS Group lifted their price target on shares of INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered shares of INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.25.

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.