21,951 Shares in Invesco Mortgage Capital Inc. (NYSE:IVR) Purchased by Range Financial Group LLC

Range Financial Group LLC bought a new stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVRFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,951 shares of the real estate investment trust’s stock, valued at approximately $177,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IVR. JPMorgan Chase & Co. grew its holdings in Invesco Mortgage Capital by 134.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust’s stock worth $1,333,000 after buying an additional 81,477 shares in the last quarter. Barclays PLC grew its stake in shares of Invesco Mortgage Capital by 326.5% in the third quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock worth $708,000 after purchasing an additional 57,649 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Invesco Mortgage Capital during the third quarter valued at $62,000. Geode Capital Management LLC lifted its holdings in Invesco Mortgage Capital by 7.0% in the third quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock worth $11,504,000 after purchasing an additional 80,051 shares during the period. Finally, Zacks Investment Management bought a new position in Invesco Mortgage Capital in the 3rd quarter valued at about $94,000. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock opened at $8.11 on Wednesday. Invesco Mortgage Capital Inc. has a 1 year low of $7.60 and a 1 year high of $9.97. The business’s fifty day moving average is $8.27 and its 200-day moving average is $8.69. The stock has a market cap of $492.52 million, a PE ratio of 6.76 and a beta of 1.86.

Invesco Mortgage Capital (NYSE:IVRGet Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $12.38 million. During the same period in the previous year, the firm earned $1.51 earnings per share. Equities research analysts predict that Invesco Mortgage Capital Inc. will post 3.06 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 19.73%. The ex-dividend date is Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio is presently 133.33%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

Check Out Our Latest Stock Analysis on IVR

Invesco Mortgage Capital Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco Mortgage Capital (NYSE:IVR)

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