UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,156 shares of the real estate investment trust's stock after selling 69,199 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of Invesco Mortgage Capital worth $355,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Invesco Mortgage Capital by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock valued at $1,068,000 after buying an additional 2,472 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 valued at $37,000 after purchasing an additional 3,758 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Invesco Mortgage Capital by 1.8% during the 4th quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust's stock worth $681,000 after purchasing an additional 1,513 shares during the period. Van ECK Associates Corp raised its holdings in 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 valued at $5,163,000 after buying an additional 149,957 shares during the period. Finally, Deutsche Bank AG lifted its position 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 in the last quarter. Institutional investors and hedge funds own 40.54% of the company's stock.
Analysts Set New Price Targets
Separately, 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.
View Our Latest Report on IVR
Invesco Mortgage Capital Stock Up 0.5%
Shares of NYSE IVR traded up $0.04 on Monday, hitting $7.73. The company had a trading volume of 1,047,237 shares, compared to its average volume of 1,477,952. Invesco Mortgage Capital Inc. has a 12-month low of $5.86 and a 12-month high of $9.97. The firm has a market capitalization of $509.40 million, a P/E ratio of 11.88 and a beta of 1.64. The business has a 50 day moving average of $7.28 and a two-hundred day moving average of $7.96.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.64 earnings per share (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 company had revenue of $18.82 million during the quarter, compared to the consensus estimate of $44.71 million. On average, sell-side analysts anticipate that Invesco Mortgage Capital Inc. will post 2.49 earnings per share 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 issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 17.61%. The ex-dividend date of this dividend was Monday, April 7th. Invesco Mortgage Capital's dividend payout ratio (DPR) is 323.81%.
Invesco Mortgage Capital Company Profile
(
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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