Bridgefront Capital LLC Has $103,000 Stake in Invesco Mortgage Capital Inc. (NYSE:IVR)

Bridgefront Capital LLC lessened its position in Invesco Mortgage Capital Inc. (NYSE:IVR) by 22.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,783 shares of the real estate investment trust’s stock after selling 3,656 shares during the quarter. Bridgefront Capital LLC’s holdings in Invesco Mortgage Capital were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IVR. PL Capital Advisors LLC increased its stake in shares of Invesco Mortgage Capital by 705.0% in the fourth quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust’s stock valued at $25,921,000 after buying an additional 2,820,000 shares during the period. Vanguard Group Inc. increased its position in Invesco Mortgage Capital by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 3,193,984 shares of the real estate investment trust’s stock valued at $25,712,000 after acquiring an additional 206,355 shares during the period. Invesco Ltd. raised its stake in shares of Invesco Mortgage Capital by 2,346.8% during the fourth quarter. Invesco Ltd. now owns 2,324,820 shares of the real estate investment trust’s stock valued at $18,715,000 after acquiring an additional 2,229,805 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Invesco Mortgage Capital by 100.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,457,258 shares of the real estate investment trust’s stock worth $11,731,000 after purchasing an additional 730,497 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Invesco Mortgage Capital by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 1,351,663 shares of the real estate investment trust’s stock worth $10,882,000 after purchasing an additional 126,868 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Stock Up 1.1 %

IVR stock opened at $7.53 on Friday. The firm has a market cap of $491.51 million, a price-to-earnings ratio of 11.58 and a beta of 1.67. The company’s fifty day simple moving average is $7.60 and its 200 day simple moving average is $8.08. Invesco Mortgage Capital Inc. has a 12-month low of $5.86 and a 12-month high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. The company had revenue of $18.82 million for the quarter, compared to analyst estimates of $44.71 million. Research analysts expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.36 annualized dividend and a dividend yield of 18.06%. Invesco Mortgage Capital’s dividend payout ratio is currently 209.23%.

Analysts Set New Price Targets

Several brokerages have commented on IVR. StockNews.com downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Invesco Mortgage Capital Company 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.