Rhumbline Advisers lifted its stake in Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,603 shares of the real estate investment trust’s stock after buying an additional 1,513 shares during the quarter. Rhumbline Advisers owned about 0.14% of Invesco Mortgage Capital worth $681,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC purchased a new stake in Invesco Mortgage Capital in the 3rd quarter worth $62,000. Zacks Investment Management bought a new stake in shares of Invesco Mortgage Capital in the third quarter worth about $94,000. 180 Wealth Advisors LLC lifted its position in shares of Invesco Mortgage Capital by 22.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,542 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Invesco Mortgage Capital in the third quarter worth about $121,000. Finally, Aigen Investment Management LP bought a new position in Invesco Mortgage Capital during the third quarter valued at approximately $134,000. 40.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.
Invesco Mortgage Capital Stock Performance
Shares of Invesco Mortgage Capital stock opened at $8.75 on Friday. The stock has a market cap of $539.83 million, a price-to-earnings ratio of 13.45 and a beta of 1.93. The stock has a 50 day moving average price of $8.37 and a 200-day moving average price of $8.49. Invesco Mortgage Capital Inc. has a one year low of $7.48 and a one year high of $9.97.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. The business had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million. Sell-side analysts predict that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.
Invesco Mortgage Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 18.30%. The ex-dividend date of this dividend was Monday, December 30th. Invesco Mortgage Capital’s payout ratio is 246.15%.
Invesco Mortgage Capital 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.
Featured Stories
- Five stocks we like better than Invesco Mortgage Capital
- Which Wall Street Analysts are the Most Accurate?
- Is Myers Industries Poised for a Breakout?
- How to Choose Top Rated Stocks
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- How to Use the MarketBeat Dividend Calculator
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report).
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.