Invesco Mortgage Capital Inc Plans Quarterly Dividend of $0.34 (NYSE:IVR)

Invesco Mortgage Capital Inc (NYSE:IVR - Get Free Report) announced a quarterly dividend on Tuesday, June 24th, RTT News reports. Shareholders of record on Monday, July 7th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, July 25th. This represents a $1.36 annualized dividend and a yield of 17.61%.

Invesco Mortgage Capital has a payout ratio of 65.4% indicating that its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Up 1.0%

Shares of Invesco Mortgage Capital stock traded up $0.07 during trading on Tuesday, hitting $7.72. 1,188,231 shares of the stock were exchanged, compared to its average volume of 1,482,891. The company has a fifty day moving average price of $7.39 and a 200-day moving average price of $7.93. The stock has a market capitalization of $509.32 million, a price-to-earnings ratio of 18.39 and a beta of 1.64. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.97.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last released 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 return on equity of 32.00% and a net margin of 17.27%. The firm had revenue of $18.82 million for the quarter, compared to analyst estimates of $44.71 million. Equities research analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Friday, May 9th.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new stake in Invesco Mortgage Capital during the 1st quarter worth approximately $82,000. Jones Financial Companies Lllp grew its stake in shares of Invesco Mortgage Capital by 4,329.2% in the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 16,624 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco Mortgage Capital in the first quarter valued at about $144,000. Finally, Goldman Sachs Group Inc. increased its position in Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust's stock worth $2,907,000 after acquiring an additional 31,410 shares during the period. Institutional investors and hedge funds own 40.54% of the company's stock.

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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