Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department grew its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVRGet Rating) by 44.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 207,060 shares of the real estate investment trust’s stock after purchasing an additional 63,744 shares during the quarter. State of Tennessee Treasury Department’s holdings in Invesco Mortgage Capital were worth $472,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IVR. Swiss National Bank grew its holdings in shares of Invesco Mortgage Capital by 15.7% in the 1st quarter. Swiss National Bank now owns 737,211 shares of the real estate investment trust’s stock worth $1,681,000 after acquiring an additional 99,800 shares during the last quarter. Greenwich Investment Management Inc. acquired a new stake in shares of Invesco Mortgage Capital in the fourth quarter worth $242,000. Envestnet Asset Management Inc. boosted its position in shares of Invesco Mortgage Capital by 57.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 62,569 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 22,748 shares during the period. Principal Financial Group Inc. boosted its position in shares of Invesco Mortgage Capital by 5.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,101,485 shares of the real estate investment trust’s stock worth $5,842,000 after buying an additional 102,460 shares during the period. Finally, Equitable Holdings Inc. acquired a new stake in shares of Invesco Mortgage Capital in the fourth quarter worth $31,000. 61.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Credit Suisse Group decreased their target price on Invesco Mortgage Capital to $15.00 in a research report on Friday, July 22nd.

Invesco Mortgage Capital Stock Up 0.1 %

Shares of Invesco Mortgage Capital stock opened at $15.76 on Tuesday. The business has a fifty day simple moving average of $15.84 and a 200-day simple moving average of $17.99. Invesco Mortgage Capital Inc. has a 12 month low of $9.63 and a 12 month high of $34.00.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Monday, July 11th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, July 8th. This represents a $3.60 dividend on an annualized basis and a yield of 22.84%. Invesco Mortgage Capital’s payout ratio is -31.80%.

About Invesco Mortgage Capital

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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

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

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