Range Financial Group LLC Acquires 4,388 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Range Financial Group LLC raised its holdings in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 20.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 26,339 shares of the real estate investment trust’s stock after acquiring an additional 4,388 shares during the period. Range Financial Group LLC’s holdings in Invesco Mortgage Capital were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Invesco Mortgage Capital by 419.4% during the first quarter. GAMMA Investing LLC now owns 1,901 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,535 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Invesco Mortgage Capital by 427.0% in the 4th 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 last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Invesco Mortgage Capital in the 4th quarter valued at approximately $50,000. Russell Investments Group Ltd. boosted its stake in Invesco Mortgage Capital by 55.6% during the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 3,272 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital during the fourth quarter valued at approximately $81,000. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Trading Up 1.1%

NYSE:IVR opened at $7.66 on Tuesday. Invesco Mortgage Capital Inc. has a 1 year low of $5.86 and a 1 year high of $9.97. The stock has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $7.98. The stock has a market cap of $504.79 million, a price-to-earnings ratio of 11.78 and a beta of 1.64.

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

Invesco Mortgage Capital Cuts Dividend

The business 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. This represents a $1.36 annualized dividend and a dividend yield of 17.77%. The ex-dividend date of this dividend was Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is 323.81%.

Analyst Upgrades and Downgrades

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

About Invesco Mortgage Capital

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.