6,234 Shares in Invesco Mortgage Capital Inc. (NYSE:IVR) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,234 shares of the real estate investment trust’s stock, valued at approximately $50,000.

A number of other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in 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. Russell Investments Group Ltd. boosted its stake in Invesco Mortgage Capital by 55.6% in the fourth quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 3,272 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at approximately $81,000. XTX Topco Ltd acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at approximately $96,000. Finally, Envestnet Asset Management Inc. acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at approximately $108,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Stock Up 2.8%

Shares of IVR stock opened at $7.49 on Wednesday. The business has a 50 day moving average of $7.24 and a two-hundred day moving average of $8.00. Invesco Mortgage Capital Inc. has a 52 week low of $5.86 and a 52 week high of $9.97. The company has a market cap of $493.58 million, a P/E ratio of 11.52 and a beta of 1.67.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $18.82 million during the quarter, compared to the consensus estimate of $44.71 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. Analysts expect that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were given a dividend of $0.34 per share. The ex-dividend date was Monday, April 7th. This represents a $1.36 annualized dividend and a dividend yield of 18.17%. Invesco Mortgage Capital’s dividend payout ratio is presently 323.81%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 9th.

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.