PL Capital Advisors LLC grew its stake in Invesco Mortgage Capital Inc. (NYSE:IVR - Free Report) by 705.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,220,000 shares of the real estate investment trust's stock after acquiring an additional 2,820,000 shares during the period. Invesco Mortgage Capital comprises 0.3% of PL Capital Advisors LLC's investment portfolio, making the stock its 22nd biggest holding. PL Capital Advisors LLC owned approximately 5.30% of Invesco Mortgage Capital worth $25,921,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in IVR. Geode Capital Management LLC grew its holdings in shares of Invesco Mortgage Capital by 7.0% in the third quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust's stock valued at $11,504,000 after purchasing an additional 80,051 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Invesco Mortgage Capital in the third quarter valued at approximately $1,002,000. Barclays PLC grew its holdings in shares of Invesco Mortgage Capital by 326.5% in the third quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust's stock valued at $708,000 after purchasing an additional 57,649 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco Mortgage Capital by 134.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust's stock worth $1,333,000 after acquiring an additional 81,477 shares in the last quarter. Finally, State Street Corp grew its holdings in Invesco Mortgage Capital by 1.3% during the 3rd quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust's stock worth $9,517,000 after acquiring an additional 12,557 shares in the last quarter. 40.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reiterated a "market perform" rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.
Get Our Latest Report on Invesco Mortgage Capital
Invesco Mortgage Capital Stock Down 0.3 %
NYSE IVR traded down $0.03 on Friday, hitting $8.80. 1,507,589 shares of the stock were exchanged, compared to its average volume of 1,147,700. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $9.97. The company has a market cap of $542.92 million, a PE ratio of 13.53 and a beta of 1.88. The company has a 50-day moving average price of $8.35 and a 200-day moving average price of $8.50.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.21). The company had revenue of $13.68 million for 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%. As a group, equities research analysts predict that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.
Invesco Mortgage Capital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, December 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.60 annualized dividend and a yield of 18.19%. Invesco Mortgage Capital's dividend payout ratio (DPR) is 246.15%.
Invesco Mortgage Capital Profile
(
Free Report)
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.
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