Bank of New York Mellon Corp Purchases 16,440 Shares of Invesco Mortgage Capital Inc (NYSE:IVR)

Bank of New York Mellon Corp boosted its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,094 shares of the real estate investment trust’s stock after acquiring an additional 16,440 shares during the period. Bank of New York Mellon Corp owned 0.23% of Invesco Mortgage Capital worth $1,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at $50,000. Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 3,272 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at about $81,000. XTX Topco Ltd acquired a new position in Invesco Mortgage Capital in the fourth quarter valued at about $96,000. Finally, Envestnet Asset Management Inc. bought a new position in Invesco Mortgage Capital during the fourth quarter worth about $108,000. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Invesco Mortgage Capital Trading Down 1.2%

Shares of Invesco Mortgage Capital stock opened at $7.54 on Friday. The stock’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $7.83. The company has a market capitalization of $496.86 million, a PE ratio of 18.84 and a beta of 1.62. Invesco Mortgage Capital Inc has a 12 month low of $5.86 and a 12 month high of $9.42.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Invesco Mortgage Capital had a return on equity of 30.04% and a net margin of 13.77%. The company had revenue of $17.73 million during the quarter, compared to the consensus estimate of $45.93 million. Analysts predict that Invesco Mortgage Capital Inc will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.36 annualized dividend and a dividend yield of 18.0%. Invesco Mortgage Capital’s dividend payout ratio is currently 340.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IVR shares. UBS Group upped their price target on Invesco Mortgage Capital from $6.50 to $7.25 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 9th.

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.