Invesco Mortgage Capital Inc. (NYSE:IVR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,351,663 shares of the real estate investment trust’s stock after acquiring an additional 126,868 shares during the quarter. Geode Capital Management LLC owned about 2.23% of Invesco Mortgage Capital worth $10,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 427.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 3,758 shares during the period. McIlrath & Eck LLC acquired a new position in Invesco Mortgage Capital in the third quarter valued at $62,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Invesco Mortgage Capital in the fourth quarter valued at about $81,000. 180 Wealth Advisors LLC boosted its stake in shares of Invesco Mortgage Capital by 22.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,542 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Invesco Mortgage Capital by 22.8% during the fourth 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. 40.54% of the stock is owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Price Performance

NYSE:IVR opened at $6.88 on Wednesday. The firm has a market cap of $449.08 million, a price-to-earnings ratio of 10.58 and a beta of 1.43. The firm’s fifty day moving average price is $7.99 and its 200 day moving average price is $8.19. Invesco Mortgage Capital Inc. has a 1-year low of $5.86 and a 1-year high of $9.97.

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

Invesco Mortgage Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 19.77%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital’s payout ratio is 209.23%.

Analyst Ratings Changes

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

Invesco Mortgage Capital Company 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.