Mirae Asset Global Investments Co. Ltd. Cuts Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Mirae Asset Global Investments Co. Ltd. cut its stake in Invesco Mortgage Capital Inc. (NYSE:IVR – Get Rating) by 47.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 602,748 shares of the real estate investment trust’s stock after selling 551,971 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 1.71% of Invesco Mortgage Capital worth $7,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of Invesco Mortgage Capital during the second quarter valued at about $25,000. Russell Investments Group Ltd. bought a new position in shares of Invesco Mortgage Capital during the third quarter valued at about $25,000. Royal Bank of Canada grew its stake in shares of Invesco Mortgage Capital by 1,879.1% during the third quarter. Royal Bank of Canada now owns 3,978 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 3,777 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Invesco Mortgage Capital by 28.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,015 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 1,101 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Invesco Mortgage Capital by 196.3% during the third quarter. Tower Research Capital LLC TRC now owns 5,242 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 3,473 shares during the last quarter. 53.54% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Trading Down 1.9 %

Invesco Mortgage Capital stock opened at $10.60 on Monday. The firm has a 50-day moving average of $10.60 and a 200-day moving average of $12.30. Invesco Mortgage Capital Inc. has a 1-year low of $9.48 and a 1-year high of $18.10.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Monday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.60 annualized dividend and a yield of 15.09%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -31.56%.

Analyst Upgrades and Downgrades

IVR has been the topic of a number of recent research reports. StockNews.com cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Barclays dropped their target price on shares of Invesco Mortgage Capital from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, April 13th.

Invesco Mortgage Capital Profile

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Invesco Mortgage Capital, Inc is a real estate investment trust. It engages in the business of investing, financing, and managing mortgage-backed securities and other mortgage-related assets. The company was founded on June 5, 2008 and is headquartered in Atlanta, GA.