Renaissance Technologies LLC Sells 545,245 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Renaissance Technologies LLC decreased its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,000 shares of the real estate investment trust's stock after selling 545,245 shares during the quarter. Renaissance Technologies LLC owned about 1.19% of Invesco Mortgage Capital worth $5,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Invesco Mortgage Capital by 427.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 3,758 shares during the period. McIlrath & Eck LLC bought a new position in shares of Invesco Mortgage Capital during the 3rd quarter valued at about $62,000. Russell Investments Group Ltd. grew its position in shares of Invesco Mortgage Capital by 55.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 3,272 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $81,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Invesco Mortgage Capital during the 4th quarter worth approximately $108,000. Institutional investors own 40.54% of the company's stock.

Invesco Mortgage Capital Trading Up 1.7 %

Shares of Invesco Mortgage Capital stock traded up $0.12 during trading on Thursday, reaching $7.03. The stock had a trading volume of 411,121 shares, compared to its average volume of 1,415,284. The company has a market capitalization of $458.54 million, a price-to-earnings ratio of 10.81 and a beta of 1.43. The stock has a fifty day moving average price of $7.95 and a two-hundred 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.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21). The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. On average, equities analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 annualized dividend and a yield of 19.36%. Invesco Mortgage Capital's dividend payout ratio (DPR) is presently 209.23%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a "market perform" rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

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.