State Street Corp Purchases 12,557 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

State Street Corp grew its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,013,514 shares of the real estate investment trust’s stock after acquiring an additional 12,557 shares during the period. State Street Corp owned about 1.67% of Invesco Mortgage Capital worth $9,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp purchased a new position in Invesco Mortgage Capital during the 2nd quarter valued at $4,302,000. PL Capital Advisors LLC boosted its stake in shares of Invesco Mortgage Capital by 100.0% during the 3rd quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock valued at $3,756,000 after purchasing an additional 200,000 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Invesco Mortgage Capital in the third quarter worth about $1,002,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Invesco Mortgage Capital by 136.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 113,355 shares of the real estate investment trust’s stock worth $1,064,000 after buying an additional 65,409 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Invesco Mortgage Capital by 20.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 168,212 shares of the real estate investment trust’s stock valued at $1,576,000 after acquiring an additional 28,970 shares in the last quarter. 40.54% of the stock is owned by institutional investors.

Invesco Mortgage Capital Price Performance

IVR opened at $8.26 on Friday. The firm has a market cap of $501.63 million, a P/E ratio of 6.88 and a beta of 1.89. Invesco Mortgage Capital Inc. has a 1-year low of $7.60 and a 1-year high of $9.97. The company has a 50 day simple moving average of $8.33 and a two-hundred day simple moving average of $8.76.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The firm had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. Equities analysts anticipate that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, December 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 19.37%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

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.