PL Capital Advisors LLC Buys 2,820,000 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

PL Capital Advisors LLC increased its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 705.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,220,000 shares of the real estate investment trust’s stock after purchasing an additional 2,820,000 shares during the period. Invesco Mortgage Capital accounts for 0.3% of PL Capital Advisors LLC’s portfolio, making the stock its 22nd largest holding. PL Capital Advisors LLC owned about 5.30% of Invesco Mortgage Capital worth $25,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Invesco Mortgage Capital by 30.5% during the 4th quarter. Van ECK Associates Corp now owns 641,390 shares of the real estate investment trust’s stock worth $5,163,000 after buying an additional 149,957 shares during the period. Wolverine Asset Management LLC bought a new position in Invesco Mortgage Capital in the third quarter valued at approximately $1,002,000. JPMorgan Chase & Co. grew its holdings in Invesco Mortgage Capital by 134.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,974 shares of the real estate investment trust’s stock worth $1,333,000 after acquiring an additional 81,477 shares during the period. Geode Capital Management LLC raised its position in shares of Invesco Mortgage Capital by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock valued at $11,504,000 after acquiring an additional 80,051 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invesco Mortgage Capital by 136.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 113,355 shares of the real estate investment trust’s stock valued at $1,064,000 after purchasing an additional 65,409 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

Shares of NYSE IVR opened at $8.79 on Wednesday. Invesco Mortgage Capital Inc. has a 52-week low of $7.47 and a 52-week high of $9.97. The stock has a market cap of $533.51 million, a P/E ratio of 13.52 and a beta of 1.88. The firm has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.49.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. Analysts predict that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, December 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 18.21%. The ex-dividend date of this dividend was Monday, December 30th. Invesco Mortgage Capital’s dividend payout ratio is currently 246.15%.

Analyst Ratings Changes

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

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.