Invesco Mortgage Capital (NYSE:IVR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Invesco Mortgage Capital (NYSE:IVR – Get Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Barclays reduced their price target on Invesco Mortgage Capital from $14.00 to $12.00 in a research report on Friday, January 6th.

Invesco Mortgage Capital Price Performance

IVR opened at $10.76 on Thursday. Invesco Mortgage Capital has a 1 year low of $9.60 and a 1 year high of $24.00. The stock has a fifty day moving average price of $13.31 and a 200 day moving average price of $13.00.

Invesco Mortgage Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Monday, January 9th were given a dividend of $0.65 per share. The ex-dividend date was Friday, January 6th. This represents a $2.60 annualized dividend and a dividend yield of 24.16%. Invesco Mortgage Capital’s dividend payout ratio is presently -20.54%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Invesco Mortgage Capital by 7.1% during 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 last quarter. Vanguard Group Inc. lifted its position in shares of Invesco Mortgage Capital by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust’s stock worth $89,067,000 after purchasing an additional 6,089,233 shares during the last quarter. State Street Corp lifted its position in shares of Invesco Mortgage Capital by 14.7% during the 1st quarter. State Street Corp now owns 11,943,815 shares of the real estate investment trust’s stock worth $27,232,000 after purchasing an additional 1,527,774 shares during the last quarter. Invesco Ltd. lifted its position in shares of Invesco Mortgage Capital by 33.6% during the 1st quarter. Invesco Ltd. now owns 1,186,628 shares of the real estate investment trust’s stock worth $2,705,000 after purchasing an additional 298,712 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Invesco Mortgage Capital by 399.3% during the 1st quarter. Renaissance Technologies LLC now owns 692,500 shares of the real estate investment trust’s stock worth $1,579,000 after purchasing an additional 553,800 shares during the last quarter. Institutional investors and hedge funds own 53.54% of the company’s stock.

About Invesco Mortgage Capital

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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.