Northern Trust Corp reduced its holdings in Invesco Mortgage Capital Inc (NYSE:IVR) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,464,284 shares of the real estate investment trust’s stock after selling 1,843 shares during the period. Northern Trust Corp owned about 1.17% of Invesco Mortgage Capital worth $21,203,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in IVR. Oregon Public Employees Retirement Fund purchased a new stake in shares of Invesco Mortgage Capital in the 4th quarter valued at $42,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Invesco Mortgage Capital by 32.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,970 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,692 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Invesco Mortgage Capital by 93.7% in the 4th quarter. Bank of Montreal Can now owns 9,648 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 4,668 shares during the last quarter. Telemus Capital LLC purchased a new stake in shares of Invesco Mortgage Capital in the 4th quarter valued at $145,000. Finally, Advisor Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 12.6% in the 4th quarter. Advisor Group Inc. now owns 10,950 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,223 shares during the last quarter. 58.66% of the stock is currently owned by institutional investors and hedge funds.
Separately, Barclays reissued a “hold” rating and set a $15.00 price target on shares of Invesco Mortgage Capital in a report on Sunday, February 24th.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Invesco Mortgage Capital had a negative net margin of 9.79% and a positive return on equity of 11.98%. The firm had revenue of $143.89 million for the quarter, compared to the consensus estimate of $63.80 million. During the same period in the prior year, the firm posted $0.47 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 11.29%.
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Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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