Invesco Mortgage Capital Inc. (IVR) To Go Ex-Dividend on April 5th

Invesco Mortgage Capital Inc. (NYSE:IVRGet Free Report) announced a quarterly dividend on Tuesday, March 26th, investing.com reports. Stockholders of record on Monday, April 8th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, April 26th. This represents a $1.60 annualized dividend and a dividend yield of 16.86%. The ex-dividend date of this dividend is Friday, April 5th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 26.6% per year over the last three years. Invesco Mortgage Capital has a payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Down 1.5 %

NYSE:IVR opened at $9.49 on Wednesday. Invesco Mortgage Capital has a 1 year low of $6.34 and a 1 year high of $12.37. The stock has a fifty day moving average price of $9.01 and a two-hundred day moving average price of $8.71.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in Invesco Mortgage Capital by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,305 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 2,259 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Invesco Mortgage Capital in the 4th quarter valued at about $803,000. Barclays PLC lifted its position in shares of Invesco Mortgage Capital by 435.0% during the fourth quarter. Barclays PLC now owns 107,604 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 87,491 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Invesco Mortgage Capital by 12.9% in the fourth quarter. Nuveen Asset Management LLC now owns 139,201 shares of the real estate investment trust’s stock worth $1,234,000 after purchasing an additional 15,951 shares in the last quarter. Finally, Oracle Alpha Inc. acquired a new position in Invesco Mortgage Capital in the fourth quarter worth about $179,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Invesco Mortgage Capital in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $8.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.83.

Check Out Our Latest Report on IVR

About Invesco Mortgage Capital

(Get Free Report)

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.

Featured Stories

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.