PL Capital Advisors LLC decreased its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,600 shares of the real estate investment trust's stock after selling 352,894 shares during the quarter. PL Capital Advisors LLC owned 0.07% of Invesco Mortgage Capital worth $289,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Invesco Mortgage Capital by 63.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 3,192 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Invesco Mortgage Capital by 24.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 2,662 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Invesco Mortgage Capital by 13.8% in the 3rd quarter. Amalgamated Bank now owns 18,681 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 2,268 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Invesco Mortgage Capital by 96.4% in the 4th quarter. New York State Common Retirement Fund now owns 21,914 shares of the real estate investment trust's stock worth $194,000 after purchasing an additional 10,754 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco Mortgage Capital in the 4th quarter worth about $216,000. Institutional investors and hedge funds own 40.54% of the company's stock.
Invesco Mortgage Capital Price Performance
Shares of IVR traded up $0.13 during trading hours on Friday, hitting $8.56. The stock had a trading volume of 971,843 shares, compared to its average volume of 1,000,329. The company's fifty day moving average is $8.94 and its two-hundred day moving average is $8.57. Invesco Mortgage Capital Inc. has a 52 week low of $6.34 and a 52 week high of $12.37. The stock has a market capitalization of $416.57 million, a price-to-earnings ratio of -10.70 and a beta of 1.88.
Invesco Mortgage Capital Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 18.69%. The ex-dividend date was Friday, April 5th. Invesco Mortgage Capital's payout ratio is -200.00%.
Invesco Mortgage Capital 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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