Amalgamated Bank lowered its position in Invesco Mortgage Capital Inc. (NYSE:IVR – Free Report) by 80.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,712 shares of the real estate investment trust’s stock after selling 14,969 shares during the period. Amalgamated Bank’s holdings in Invesco Mortgage Capital were worth $33,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Invesco Mortgage Capital by 63.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 3,192 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Invesco Mortgage Capital by 24.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 2,662 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Invesco Mortgage Capital by 96.4% during the 4th quarter. New York State Common Retirement Fund now owns 21,914 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 10,754 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth about $216,000. Finally, Natixis Advisors L.P. acquired a new stake in shares of Invesco Mortgage Capital during the 3rd quarter worth about $257,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th.
Check Out Our Latest Research Report on IVR
Invesco Mortgage Capital Stock Performance
Shares of IVR opened at $9.15 on Friday. The stock has a 50-day simple moving average of $9.01 and a 200-day simple moving average of $8.79. The stock has a market capitalization of $446.79 million, a PE ratio of -13.07 and a beta of 1.85. Invesco Mortgage Capital Inc. has a 1 year low of $6.34 and a 1 year high of $12.37.
Invesco Mortgage Capital Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 17.49%. The ex-dividend date was Friday, April 5th. Invesco Mortgage Capital’s payout ratio is -228.57%.
Invesco Mortgage Capital 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.
See Also
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