Range Financial Group LLC Takes Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Range Financial Group LLC purchased a new position in Invesco Mortgage Capital Inc. (NYSE:IVR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,951 shares of the real estate investment trust’s stock, valued at approximately $177,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PL Capital Advisors LLC increased its position in shares of Invesco Mortgage Capital by 100.0% in the third quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock worth $3,756,000 after acquiring an additional 200,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Invesco Mortgage Capital during the 3rd quarter worth approximately $1,002,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 81,477 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 7.0% in the third 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 purchasing an additional 80,051 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Invesco Mortgage Capital by 136.4% in the third 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 worth $1,064,000 after buying 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

Invesco Mortgage Capital stock opened at $8.11 on Wednesday. Invesco Mortgage Capital Inc. has a twelve month low of $7.60 and a twelve month high of $9.97. The firm has a market cap of $492.52 million, a PE ratio of 6.76 and a beta of 1.86. The firm’s 50 day moving average price is $8.27 and its two-hundred day moving average price is $8.69.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. During the same period last year, the company posted $1.51 earnings per share. Equities analysts anticipate that Invesco Mortgage Capital Inc. will post 3.06 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 30th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 19.73%. Invesco Mortgage Capital’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

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.