Invesco Mortgage Capital Inc. (IVR) to Issue Quarterly Dividend of $0.40 on April 26th

Invesco Mortgage Capital Inc. (NYSE:IVR) declared a quarterly dividend on Tuesday, March 26th, investing.com reports. Shareholders of record on Monday, April 8th will be given 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 yield of 16.55%. The ex-dividend date of this dividend is Friday, April 5th.

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

Invesco Mortgage Capital Stock Performance

IVR traded up $0.13 on Thursday, hitting $9.67. The company had a trading volume of 348,831 shares, compared to its average volume of 894,768. The stock has a market capitalization of $470.64 million, a price-to-earnings ratio of -11.93 and a beta of 1.88. The stock has a fifty day moving average price of $8.97 and a 200-day moving average price of $8.76. Invesco Mortgage Capital has a 12-month low of $6.34 and a 12-month high of $12.37.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC grew its stake in shares of Invesco Mortgage Capital by 98.1% during the 1st quarter. MetLife Investment Management LLC now owns 149,631 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 74,094 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Invesco Mortgage Capital by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 268,751 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 33,136 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Invesco Mortgage Capital by 7.1% in the 1st quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust’s stock worth $126,578,000 after purchasing an additional 3,700,042 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Invesco Mortgage Capital during the 1st quarter worth about $241,000. Finally, Vanguard Group Inc. raised its holdings in Invesco Mortgage Capital by 18.5% in the first quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust’s stock valued at $89,067,000 after buying an additional 6,089,233 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analyst Ratings Changes

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