PL Capital Advisors LLC Grows Holdings in Invesco Mortgage Capital Inc. (NYSE:IVR)

PL Capital Advisors LLC lifted its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 400,000 shares of the real estate investment trust's stock after acquiring an additional 200,000 shares during the period. Invesco Mortgage Capital accounts for approximately 1.3% of PL Capital Advisors LLC's portfolio, making the stock its 15th biggest position. PL Capital Advisors LLC owned about 0.82% of Invesco Mortgage Capital worth $3,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Invesco Mortgage Capital by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust's stock valued at $24,125,000 after purchasing an additional 96,117 shares during the period. Renaissance Technologies LLC lifted its position in Invesco Mortgage Capital by 2.9% in the second quarter. Renaissance Technologies LLC now owns 841,852 shares of the real estate investment trust's stock valued at $7,888,000 after buying an additional 23,900 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Invesco Mortgage Capital in the 2nd quarter valued at approximately $4,302,000. Bank of New York Mellon Corp boosted its position in shares of 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 worth $1,576,000 after purchasing an additional 28,970 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Invesco Mortgage Capital by 12.1% in the 1st quarter. GSA Capital Partners LLP now owns 101,638 shares of the real estate investment trust's stock valued at $984,000 after purchasing an additional 11,009 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com upgraded Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a research note on Monday, October 7th. JMP Securities reaffirmed a "market perform" rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th.

Invesco Mortgage Capital Trading Down 0.1 %

NYSE:IVR traded down $0.01 during midday trading on Friday, hitting $8.06. 1,014,122 shares of the company were exchanged, compared to its average volume of 1,414,673. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $9.97. The company has a market capitalization of $441.85 million, a PE ratio of -7.68 and a beta of 1.90. The company has a fifty day simple moving average of $8.74 and a 200 day simple moving average of $8.94.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.11. The business had revenue of $68.03 million for the quarter, compared to analyst estimates of $9.27 million. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. During the same period last year, the firm posted $1.45 earnings per share. As a group, equities research analysts expect that Invesco Mortgage Capital Inc. will post 3.24 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.60 annualized dividend and a dividend yield of 19.85%. Invesco Mortgage Capital's dividend payout ratio (DPR) is -152.38%.

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.