PL Capital Advisors LLC Sells 300,000 Shares of 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 trimmed its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the real estate investment trust's stock after selling 300,000 shares during the period. Invesco Mortgage Capital comprises 0.3% of PL Capital Advisors LLC's portfolio, making the stock its 21st largest position. PL Capital Advisors LLC owned 0.15% of Invesco Mortgage Capital worth $789,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IVR. GAMMA Investing LLC boosted its holdings in shares of 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 valued at $150,000 after buying an additional 1,535 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Invesco Mortgage Capital during the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. lifted 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 valued at $58,000 after acquiring an additional 2,757 shares during the period. Russell Investments Group Ltd. boosted its stake in Invesco Mortgage Capital by 55.6% during the fourth quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock worth $74,000 after acquiring an additional 3,272 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Invesco Mortgage Capital during the fourth quarter worth about $96,000. 40.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IVR shares. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. Zacks Research raised shares of Invesco Mortgage Capital to a "hold" rating in a research note on Monday, August 11th. Finally, UBS Group raised their target price on shares of Invesco Mortgage Capital from $6.50 to $7.25 and gave the company a "neutral" rating in a research note on Thursday, July 10th.

Invesco Mortgage Capital Stock Performance

Shares of NYSE IVR opened at $7.66 on Monday. Invesco Mortgage Capital Inc has a fifty-two week low of $5.86 and a fifty-two week high of $9.42. The company has a 50 day simple moving average of $7.67 and a two-hundred day simple moving average of $7.79. The company has a market capitalization of $507.93 million, a price-to-earnings ratio of 19.15 and a beta of 1.70.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share 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 during the quarter, compared to analyst estimates of $45.93 million. On average, analysts forecast that Invesco Mortgage Capital Inc will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 17.8%. The ex-dividend date was Monday, July 7th. Invesco Mortgage Capital's payout ratio is presently 340.00%.

About Invesco Mortgage Capital

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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