Invesco Mortgage Capital Inc. (NYSE:IVR) Declares Quarterly Dividend of $0.40

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, March 26th, investing.com reports. Stockholders of record on Monday, April 8th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, April 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.61%. The ex-dividend date of this dividend is Friday, April 5th.

Invesco Mortgage Capital has decreased its dividend by an average of 26.6% annually over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Stock Performance

Shares of IVR stock traded up $0.09 during mid-day trading on Thursday, reaching $9.63. 208,525 shares of the company’s stock traded hands, compared to its average volume of 894,054. Invesco Mortgage Capital has a 12 month low of $6.34 and a 12 month high of $12.37. The firm has a 50 day moving average price of $8.97 and a two-hundred day moving average price of $8.76. The firm has a market capitalization of $468.69 million, a PE ratio of -11.93 and a beta of 1.88.

Institutional Trading of Invesco Mortgage Capital

Several hedge funds have recently bought and sold shares of IVR. Captrust Financial Advisors purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $25,000. FMR LLC raised its position in shares of Invesco Mortgage Capital by 38.7% during the 1st quarter. FMR LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 954 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Invesco Mortgage Capital by 55.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,466 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,230 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Invesco Mortgage Capital during the 1st quarter valued at about $40,000. Finally, Clear Street Markets LLC raised its position in shares of Invesco Mortgage Capital by 107.7% during the 4th quarter. Clear Street Markets LLC now owns 3,801 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,971 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group assumed coverage on shares of Invesco Mortgage Capital in a research report on Wednesday, December 6th. They set a “neutral” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, Invesco Mortgage Capital presently has an average rating of “Hold” and an average target price of $9.83.

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.