Virtu Financial LLC acquired a new stake in Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,906 shares of the real estate investment trust’s stock, valued at approximately $273,000. Virtu Financial LLC owned approximately 0.06% of Invesco Mortgage Capital at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PL Capital Advisors LLC lifted its holdings in shares of Invesco Mortgage Capital by 705.0% in the 4th quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust’s stock valued at $25,921,000 after buying an additional 2,820,000 shares during the period. Van ECK Associates Corp boosted its position in shares of Invesco Mortgage Capital by 30.5% during the 4th quarter. Van ECK Associates Corp now owns 641,390 shares of the real estate investment trust’s stock worth $5,163,000 after purchasing an additional 149,957 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 81,477 shares during the period. Geode Capital Management LLC increased its holdings in shares of Invesco Mortgage Capital by 7.0% in the 3rd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 valued at $1,064,000 after purchasing an additional 65,409 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.
Invesco Mortgage Capital Stock Performance
Shares of IVR stock opened at $8.16 on Friday. The stock has a fifty day moving average price of $8.55 and a 200 day moving average price of $8.48. The stock has a market cap of $532.30 million, a PE ratio of 12.55 and a beta of 1.93. Invesco Mortgage Capital Inc. has a 1 year low of $7.48 and a 1 year high of $9.97.
Invesco Mortgage Capital Cuts Dividend
The firm 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 $0.34 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 annualized dividend and a dividend yield of 16.68%. Invesco Mortgage Capital’s dividend payout ratio is presently 209.23%.
Analyst Upgrades and Downgrades
Separately, JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.
Check Out Our Latest Research Report on Invesco Mortgage Capital
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.
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