Invesco Mortgage Capital Inc. to Issue Quarterly Dividend of $0.40 (NYSE:IVR)

Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) announced a quarterly dividend on Tuesday, March 26th, investing.com reports. Investors of record on Monday, April 8th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, April 26th. This represents a $1.60 annualized dividend and a dividend yield of 16.55%. The ex-dividend date is Friday, April 5th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 26.6% annually over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR traded up $0.13 during trading hours on Thursday, hitting $9.67. 1,364,891 shares of the stock were exchanged, compared to its average volume of 913,558. The company's 50 day moving average is $8.98 and its 200 day moving average is $8.76. The firm has a market capitalization of $470.64 million, a P/E ratio of -12.09 and a beta of 1.88. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $12.37.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new position in shares of Invesco Mortgage Capital during the 2nd quarter worth about $25,000. Clear Street Markets LLC lifted its holdings in shares of Invesco Mortgage Capital by 107.7% during the 4th quarter. Clear Street Markets LLC now owns 3,801 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,971 shares during the period. FMR LLC lifted its holdings in shares of Invesco Mortgage Capital by 38.7% during the 1st quarter. FMR LLC now owns 3,421 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 954 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Invesco Mortgage Capital during the 1st quarter worth about $40,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Invesco Mortgage Capital by 55.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,466 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 1,230 shares during the period. 40.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on shares of Invesco Mortgage Capital in a report on Wednesday, December 6th. They set a "neutral" rating and a $8.00 price objective for the company. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Invesco Mortgage Capital currently has an average rating of "Hold" and a consensus price target of $9.83.

Invesco Mortgage Capital Company Profile

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.