Arizona State Retirement System Has $128,000 Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Arizona State Retirement System lifted its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,909 shares of the real estate investment trust’s stock after buying an additional 2,953 shares during the period. Arizona State Retirement System’s holdings in Invesco Mortgage Capital were worth $128,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IVR. Charles Schwab Investment Management Inc. grew its stake in Invesco Mortgage Capital by 10.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 473,677 shares of the real estate investment trust’s stock valued at $3,813,000 after buying an additional 46,381 shares during the last quarter. PL Capital Advisors LLC grew its stake in 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 last quarter. Bank of New York Mellon Corp grew its stake in Invesco Mortgage Capital by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust’s stock valued at $1,068,000 after buying an additional 2,472 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Invesco Mortgage Capital in the 4th quarter valued at $291,000. Finally, Rhumbline Advisers grew its stake in Invesco Mortgage Capital by 1.8% in the 4th quarter. Rhumbline Advisers now owns 84,603 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of Invesco Mortgage Capital stock opened at $8.53 on Monday. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $9.97. The firm has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.49. The company has a market cap of $526.25 million, a PE ratio of 13.12 and a beta of 1.93.

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

Invesco Mortgage Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 18.77%. The ex-dividend date was Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 246.15%.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

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.