Jump Financial LLC trimmed its position in shares of Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,200 shares of the real estate investment trust’s stock after selling 8,300 shares during the period. Jump Financial LLC owned 0.10% of Invesco Mortgage Capital worth $445,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Invesco Mortgage Capital by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,718,590 shares of the real estate investment trust’s stock valued at $37,223,000 after purchasing an additional 110,709 shares during the period. Hudson Bay Capital Management LP purchased a new position in Invesco Mortgage Capital during the third quarter valued at $4,349,000. Jupiter Asset Management Ltd. purchased a new position in Invesco Mortgage Capital during the third quarter valued at $3,144,000. Wolverine Asset Management LLC grew its stake in Invesco Mortgage Capital by 11.7% during the fourth quarter. Wolverine Asset Management LLC now owns 302,600 shares of the real estate investment trust’s stock valued at $2,681,000 after acquiring an additional 31,711 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Invesco Mortgage Capital by 1.4% during the third quarter. Principal Financial Group Inc. now owns 239,808 shares of the real estate investment trust’s stock valued at $2,400,000 after acquiring an additional 3,261 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th.
Check Out Our Latest Stock Report on Invesco Mortgage Capital
Invesco Mortgage Capital Stock Performance
IVR opened at $8.87 on Friday. The stock has a market capitalization of $433.12 million, a price-to-earnings ratio of -12.67 and a beta of 1.85. The company has a fifty day moving average of $9.01 and a 200 day moving average of $8.78. Invesco Mortgage Capital Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $12.37.
Invesco Mortgage Capital Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 18.04%. Invesco Mortgage Capital’s payout ratio is currently -228.57%.
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.
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