Thrivent Financial for Lutherans Purchases 2,125 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Thrivent Financial for Lutherans boosted its position in Invesco Mortgage Capital Inc. (NYSE:IVR – Get Rating) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,062 shares of the real estate investment trust’s stock after purchasing an additional 2,125 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco Mortgage Capital were worth $1,440,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC increased its holdings in shares of Invesco Mortgage Capital by 98.1% during the first quarter. MetLife Investment Management LLC now owns 149,631 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 74,094 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of 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 valued at $613,000 after acquiring an additional 33,136 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Invesco Mortgage Capital by 7.1% during the first quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust’s stock valued at $126,578,000 after acquiring an additional 3,700,042 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Invesco Mortgage Capital during the first quarter valued at about $241,000. Finally, Vanguard Group Inc. increased its holdings in shares of Invesco Mortgage Capital by 18.5% during 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 acquiring an additional 6,089,233 shares in the last quarter. 53.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IVR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Barclays dropped their target price on Invesco Mortgage Capital from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, April 13th.

Invesco Mortgage Capital Stock Down 1.9 %

Shares of NYSE IVR opened at $10.60 on Monday. The business’s 50 day moving average price is $10.60 and its 200 day moving average price is $12.30. The firm has a market cap of $441.49 million, a P/E ratio of -2.09 and a beta of 1.64. Invesco Mortgage Capital Inc. has a 52 week low of $9.48 and a 52 week high of $18.10.

Invesco Mortgage Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Monday, April 10th were given a $0.40 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.60 dividend on an annualized basis and a yield of 15.09%. Invesco Mortgage Capital’s dividend payout ratio is currently -31.56%.

Invesco Mortgage Capital Profile

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Invesco Mortgage Capital, Inc is a real estate investment trust. It engages in the business of investing, financing, and managing mortgage-backed securities and other mortgage-related assets. The company was founded on June 5, 2008 and is headquartered in Atlanta, GA.