PNC Financial Services Group Inc. Raises Stock Holdings in Invesco Mortgage Capital Inc. (NYSE:IVR)

PNC Financial Services Group Inc. boosted its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR) by 427.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,638 shares of the real estate investment trust’s stock after purchasing an additional 3,758 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Mortgage Capital were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. McIlrath & Eck LLC purchased a new position in Invesco Mortgage Capital in the third quarter valued at approximately $62,000. Zacks Investment Management bought a new position in shares of Invesco Mortgage Capital during the 3rd quarter worth $94,000. Intech Investment Management LLC purchased a new stake in Invesco Mortgage Capital in the 3rd quarter worth about $121,000. 180 Wealth Advisors LLC lifted its holdings in Invesco Mortgage Capital by 22.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Invesco Mortgage Capital by 22.8% during the fourth quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 2,953 shares during the period. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

Shares of NYSE IVR opened at $8.16 on Friday. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $9.97. The stock has a market cap of $532.30 million, a PE ratio of 12.55 and a beta of 1.93. The stock has a fifty day moving average of $8.55 and a 200-day moving average of $8.48.

Invesco Mortgage Capital (NYSE:IVR) last announced 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). The firm had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, sell-side analysts predict that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, April 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.68%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 209.23%.

Analysts Set New Price Targets

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

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.