Invesco Ltd. raised its stake in Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 2,346.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,324,820 shares of the real estate investment trust's stock after buying an additional 2,229,805 shares during the quarter. Invesco Ltd. owned 3.83% of Invesco Mortgage Capital worth $18,715,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in IVR. Corebridge Financial Inc. increased its stake in shares of Invesco Mortgage Capital by 4.7% in the 4th quarter. Corebridge Financial Inc. now owns 27,455 shares of the real estate investment trust's stock valued at $221,000 after acquiring an additional 1,242 shares during the last quarter. Rhumbline Advisers grew its holdings in Invesco Mortgage Capital by 1.8% during the fourth quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust's stock valued at $681,000 after purchasing an additional 1,513 shares during the period. Bank of New York Mellon Corp increased its stake in Invesco Mortgage Capital by 1.9% in the fourth 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 purchasing an additional 2,472 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in Invesco Mortgage Capital by 22.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 2,542 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Invesco Mortgage Capital by 22.8% during the fourth quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust's stock worth $128,000 after purchasing an additional 2,953 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company's stock.
Invesco Mortgage Capital Trading Up 1.7 %
Shares of NYSE:IVR traded up $0.12 during trading on Thursday, hitting $7.03. 411,121 shares of the company's stock traded hands, compared to its average volume of 1,415,284. The company has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.19. Invesco Mortgage Capital Inc. has a 52 week low of $5.86 and a 52 week high of $9.97. The company has a market cap of $458.54 million, a price-to-earnings ratio of 10.81 and a beta of 1.43.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.21). The company had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, analysts predict that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.
Invesco Mortgage Capital Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 19.36%. Invesco Mortgage Capital's dividend payout ratio (DPR) is 209.23%.
Analyst Ratings Changes
Separately, JMP Securities restated a "market perform" rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.
Check Out Our Latest Stock Report on IVR
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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