Vanguard Group Inc. Buys 206,355 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Vanguard Group Inc. raised its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,193,984 shares of the real estate investment trust’s stock after acquiring an additional 206,355 shares during the period. Vanguard Group Inc. owned about 0.05% of Invesco Mortgage Capital worth $25,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IVR. PNC Financial Services Group Inc. increased its stake in shares of Invesco Mortgage Capital by 427.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 3,758 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Invesco Mortgage Capital during the third quarter worth about $62,000. KLP Kapitalforvaltning AS bought a new stake in shares of Invesco Mortgage Capital in the fourth quarter worth about $81,000. 180 Wealth Advisors LLC increased its holdings in Invesco Mortgage Capital by 22.1% during the 4th 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 period. Finally, Arizona State Retirement System raised its position in Invesco Mortgage Capital by 22.8% during the 4th quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 2,953 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Trading Up 1.9 %

NYSE:IVR opened at $6.47 on Tuesday. The company has a 50-day moving average price of $8.22 and a 200-day moving average price of $8.29. The stock has a market cap of $422.32 million, a price-to-earnings ratio of 9.95 and a beta of 1.43. Invesco Mortgage Capital Inc. has a 12 month low of $5.86 and a 12 month high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21). Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. The company had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Equities analysts forecast that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.36 annualized dividend and a dividend yield of 21.02%. Invesco Mortgage Capital’s dividend payout ratio is presently 209.23%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated 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.