Charles Schwab Investment Management Inc. Acquires 46,381 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Charles Schwab Investment Management Inc. increased its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,677 shares of the real estate investment trust’s stock after acquiring an additional 46,381 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.78% of Invesco Mortgage Capital worth $3,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVR. McIlrath & Eck LLC acquired a new position in Invesco Mortgage Capital in the 3rd quarter worth approximately $62,000. Zacks Investment Management acquired a new stake in shares of Invesco Mortgage Capital in the third quarter worth approximately $94,000. 180 Wealth Advisors LLC grew its stake in Invesco Mortgage Capital by 22.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,542 shares in the last quarter. Intech Investment Management LLC purchased a new position in Invesco Mortgage Capital during the third quarter worth approximately $121,000. Finally, Range Financial Group LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth about $177,000. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock opened at $8.16 on Thursday. Invesco Mortgage Capital Inc. has a one year low of $7.48 and a one year high of $9.97. The company has a market cap of $503.41 million, a PE ratio of 12.55 and a beta of 1.93. The business has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $8.49.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The company had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. On average, sell-side analysts predict that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.68%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is currently 246.15%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.

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.