Invesco Mortgage Capital Inc. (NYSE:IVR) Plans Quarterly Dividend of $0.40

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, March 26th, investing.com reports. Stockholders 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 dividend yield of 16.55%. The ex-dividend date of this dividend is Friday, April 5th.

Invesco Mortgage Capital has decreased its dividend 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 Up 1.4 %

Shares of NYSE:IVR traded up $0.13 during trading on Thursday, reaching $9.67. 348,831 shares of the company’s stock traded hands, compared to its average volume of 894,768. The firm has a market cap of $470.64 million, a PE ratio of -11.93 and a beta of 1.88. Invesco Mortgage Capital has a fifty-two week low of $6.34 and a fifty-two week high of $12.37. The company has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $8.76.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several institutional investors have recently modified their holdings of the business. Captrust Financial Advisors acquired a new position in Invesco Mortgage Capital in the second quarter valued at $25,000. Clear Street Markets LLC boosted its stake in Invesco Mortgage Capital by 107.7% in the fourth quarter. Clear Street Markets LLC now owns 3,801 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,971 shares in the last quarter. FMR LLC boosted its stake in Invesco Mortgage Capital by 38.7% in the first quarter. FMR LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 954 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Invesco Mortgage Capital in the first quarter valued at $40,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Invesco Mortgage Capital by 55.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,466 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group started coverage on shares of Invesco Mortgage Capital in a report on Wednesday, December 6th. They set a “neutral” rating and a $8.00 price target for the company. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.