Invesco Mortgage Capital Inc (IVR) Stake Decreased by State Street Corp

State Street Corp cut its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,389,989 shares of the real estate investment trust’s stock after selling 40,025 shares during the period. State Street Corp’s holdings in Invesco Mortgage Capital were worth $34,892,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its position in Invesco Mortgage Capital by 6.0% in the third quarter. BlackRock Fund Advisors now owns 6,328,764 shares of the real estate investment trust’s stock worth $96,387,000 after buying an additional 360,124 shares during the last quarter. Prudential Financial Inc. increased its position in Invesco Mortgage Capital by 43.2% in the third quarter. Prudential Financial Inc. now owns 1,898,631 shares of the real estate investment trust’s stock worth $28,916,000 after buying an additional 572,640 shares during the last quarter. UBS Group AG increased its position in Invesco Mortgage Capital by 64.3% in the third quarter. UBS Group AG now owns 1,717,742 shares of the real estate investment trust’s stock worth $26,161,000 after buying an additional 672,192 shares during the last quarter. Global X Management Co. LLC increased its position in Invesco Mortgage Capital by 11.6% in the third quarter. Global X Management Co. LLC now owns 1,406,918 shares of the real estate investment trust’s stock worth $21,427,000 after buying an additional 145,803 shares during the last quarter. Finally, Whitebox Advisors LLC increased its position in Invesco Mortgage Capital by 96.5% in the third quarter. Whitebox Advisors LLC now owns 1,341,047 shares of the real estate investment trust’s stock worth $20,424,000 after buying an additional 658,502 shares during the last quarter. 62.96% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) opened at 14.90 on Friday. Invesco Mortgage Capital Inc has a one year low of $11.60 and a one year high of $16.28. The firm has a 50-day moving average of $15.27 and a 200-day moving average of $15.04. The stock has a market cap of $1.66 billion, a PE ratio of 7.54 and a beta of 0.76.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 13.63% and a return on equity of 9.82%. The company had revenue of $80.20 million for the quarter, compared to the consensus estimate of $78.15 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts expect that Invesco Mortgage Capital Inc will post $1.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Monday, March 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $1.60 annualized dividend and a dividend yield of 10.74%. Invesco Mortgage Capital’s dividend payout ratio is currently 432.44%.

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IVR has been the subject of a number of research reports. Zacks Investment Research raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet raised shares of Invesco Mortgage Capital from a “d+” rating to a “c-” rating in a research note on Wednesday, February 22nd. Instinet downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “neutral” rating in a research note on Friday, February 24th. Nomura downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “neutral” rating in a research note on Friday, February 24th. Finally, Keefe, Bruyette & Woods downgraded shares of Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $16.25 to $15.50 in a research note on Tuesday, December 13th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.

In other Invesco Mortgage Capital news, insider David B. Lyle purchased 4,600 shares of Invesco Mortgage Capital stock in a transaction dated Wednesday, March 8th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $69,000.00. Following the acquisition, the insider now owns 13,668 shares in the company, valued at approximately $205,020. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Marshall purchased 5,700 shares of Invesco Mortgage Capital stock in a transaction dated Thursday, March 2nd. The stock was acquired at an average price of $15.50 per share, with a total value of $88,350.00. Following the acquisition, the insider now owns 21,210 shares in the company, valued at approximately $328,755. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Invesco Mortgage Capital Company Profile

5 Day Chart for NYSE:IVR

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