Truist Financial Corp acquired a new stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 44,930 shares of the real estate investment trust’s stock, valued at approximately $498,000. Truist Financial Corp owned 0.12% of Invesco Mortgage Capital at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in IVR. MetLife Investment Management LLC increased its stake in shares of Invesco Mortgage Capital by 98.1% during the first quarter. MetLife Investment Management LLC now owns 149,631 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 74,094 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Invesco Mortgage Capital by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 268,751 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 33,136 shares during the period. BlackRock Inc. increased its stake in shares of Invesco Mortgage Capital by 7.1% during the first quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust’s stock valued at $126,578,000 after acquiring an additional 3,700,042 shares during the period. Cetera Investment Advisers acquired a new position in shares of Invesco Mortgage Capital during the first quarter valued at approximately $241,000. Finally, Vanguard Group Inc. boosted its holdings in Invesco Mortgage Capital by 18.5% during the first quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust’s stock worth $89,067,000 after buying an additional 6,089,233 shares in the last quarter. Institutional investors and hedge funds own 48.87% of the company’s stock.
Invesco Mortgage Capital Stock Performance
Invesco Mortgage Capital stock opened at $10.68 on Friday. The company has a 50 day moving average price of $11.35 and a 200 day moving average price of $11.29. Invesco Mortgage Capital Inc. has a 52 week low of $9.48 and a 52 week high of $16.82. The firm has a market capitalization of $475.89 million, a price-to-earnings ratio of -6.76 and a beta of 1.66.
Invesco Mortgage Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 3rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 14.99%. The ex-dividend date was Friday, June 30th. Invesco Mortgage Capital’s dividend payout ratio is -101.27%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Credit Suisse Group restated an “underperform” rating and set a $10.50 target price on shares of Invesco Mortgage Capital in a report on Tuesday, August 8th. StockNews.com assumed coverage on shares of Invesco Mortgage Capital in a report on Thursday, August 17th. They set a “sell” rating for the company.
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 primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
Further Reading
Want to see what other hedge funds are holding IVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report).
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Source: defenseworld.net
