PNC Financial Services Group Inc. Purchases 3,758 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

PNC Financial Services Group Inc. increased its position in Invesco Mortgage Capital Inc. (NYSE:IVR) by 427.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,638 shares of the real estate investment trust’s stock after buying an additional 3,758 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco Mortgage Capital were worth $37,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC purchased a new stake in shares of Invesco Mortgage Capital during the third quarter valued at approximately $62,000. Zacks Investment Management bought a new stake in Invesco Mortgage Capital during the 3rd quarter valued at $94,000. 180 Wealth Advisors LLC boosted its position in Invesco Mortgage Capital by 22.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,542 shares during the period. Intech Investment Management LLC bought a new stake in Invesco Mortgage Capital in the 3rd quarter worth $121,000. Finally, Arizona State Retirement System increased its position in shares of Invesco Mortgage Capital by 22.8% in the fourth quarter. Arizona State Retirement System now owns 15,909 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 2,953 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

Invesco Mortgage Capital Stock Up 0.3 %

Invesco Mortgage Capital stock opened at $8.16 on Friday. Invesco Mortgage Capital Inc. has a twelve month low of $7.48 and a twelve month high of $9.97. The company has a market capitalization of $532.30 million, a P/E ratio of 12.55 and a beta of 1.93. The stock’s 50 day moving average is $8.55 and its 200 day moving average is $8.48.

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

Invesco Mortgage Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 16.68%. The ex-dividend date of this dividend is Monday, April 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 209.23%.

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.