Intech Investment Management LLC Has $178,000 Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Intech Investment Management LLC grew its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,167 shares of the real estate investment trust’s stock after acquiring an additional 9,288 shares during the period. Intech Investment Management LLC’s holdings in Invesco Mortgage Capital were worth $178,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Invesco Mortgage Capital by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 3,758 shares during the last quarter. McIlrath & Eck LLC bought a new position in Invesco Mortgage Capital during the 3rd quarter worth $62,000. Zacks Investment Management acquired a new stake in shares of Invesco Mortgage Capital during the third quarter worth $94,000. 180 Wealth Advisors LLC boosted its position in shares of Invesco Mortgage Capital by 22.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,542 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Invesco Mortgage Capital by 22.8% in the fourth quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 2,953 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.16 on Friday. The business has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $8.48. The stock has a market capitalization of $532.30 million, a PE ratio of 12.55 and a beta of 1.93. Invesco Mortgage Capital Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The company had revenue of $13.68 million during the quarter, compared to analyst estimates of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. On average, equities analysts expect that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current 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 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 209.23%.

Analysts Set New Price Targets

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

About Invesco Mortgage Capital

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.