Freestone Grove Partners LP Invests $584,000 in Invesco Mortgage Capital Inc. (NYSE:IVR)

Freestone Grove Partners LP bought a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) during the fourth quarter, HoldingsChannel reports. The firm bought 72,539 shares of the real estate investment trust’s stock, valued at approximately $584,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of Invesco Mortgage Capital by 326.5% in the third quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock valued at $708,000 after buying an additional 57,649 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Invesco Mortgage Capital by 134.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust’s stock valued at $1,333,000 after acquiring an additional 81,477 shares in the last quarter. Range Financial Group LLC acquired a new position in Invesco Mortgage Capital during the 4th quarter valued at about $177,000. 180 Wealth Advisors LLC increased its holdings in Invesco Mortgage Capital by 22.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,542 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Invesco Mortgage Capital by 32.9% in the fourth quarter. SG Americas Securities LLC now owns 24,300 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 6,019 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.

Invesco Mortgage Capital Price Performance

IVR opened at $7.36 on Friday. Invesco Mortgage Capital Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $9.97. The company’s 50-day moving average is $7.74 and its 200 day moving average is $8.12. The firm has a market capitalization of $480.41 million, a P/E ratio of 11.32 and a beta of 1.43.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The business had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, equities research analysts expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently announced 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 18.48%. The ex-dividend date of this dividend was Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio is presently 209.23%.

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.