Alliancebernstein L.P. Cuts Stock Holdings in Invesco Mortgage Capital Inc. (NYSE:IVR)

Alliancebernstein L.P. trimmed its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,063 shares of the real estate investment trust’s stock after selling 12,652 shares during the quarter. Alliancebernstein L.P. owned 0.07% of Invesco Mortgage Capital worth $355,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IVR. PNC Financial Services Group Inc. increased its stake in shares of Invesco Mortgage Capital by 427.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 3,758 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Invesco Mortgage Capital in the 3rd quarter valued at $62,000. KLP Kapitalforvaltning AS acquired a new position in shares of Invesco Mortgage Capital during the fourth quarter worth $81,000. 180 Wealth Advisors LLC increased its holdings in 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 buying an additional 2,542 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Invesco Mortgage Capital by 22.8% during the 4th quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 2,953 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

Invesco Mortgage Capital Stock Performance

IVR opened at $6.57 on Tuesday. The stock has a market capitalization of $428.84 million, a P/E ratio of 10.11 and a beta of 1.43. Invesco Mortgage Capital Inc. has a one year low of $5.86 and a one year high of $9.97. The business’s 50-day simple moving average is $8.02 and its 200-day simple moving average is $8.20.

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

Invesco Mortgage Capital Cuts Dividend

The business 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 $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 20.70%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 209.23%.

Invesco Mortgage Capital Profile

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.