Wolverine Asset Management LLC Sells 409,522 Shares of Invesco Mortgage Capital Inc $IVR

Wolverine Asset Management LLC trimmed its holdings in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 781,547 shares of the real estate investment trust’s stock after selling 409,522 shares during the quarter. Wolverine Asset Management LLC’s holdings in Invesco Mortgage Capital were worth $6,573,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IVR. FNY Investment Advisers LLC bought a new stake in Invesco Mortgage Capital during the fourth quarter valued at approximately $28,000. Comerica Bank grew its position in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 4,839 shares during the period. BNP Paribas Financial Markets grew its position in Invesco Mortgage Capital by 83.5% during the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,548 shares during the period. CWM LLC grew its position in Invesco Mortgage Capital by 698.7% during the third quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 6,575 shares during the period. Finally, Spire Wealth Management grew its position in Invesco Mortgage Capital by 654.2% during the fourth quarter. Spire Wealth Management now owns 8,537 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 7,405 shares during the period. 40.54% of the stock is currently owned by institutional investors.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.33 on Monday. The firm has a fifty day moving average price of $8.20 and a 200-day moving average price of $8.25. The stock has a market cap of $723.83 million, a PE ratio of 11.25 and a beta of 1.64. Invesco Mortgage Capital Inc has a 1 year low of $7.10 and a 1 year high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. The firm had revenue of ($15.01) million during the quarter, compared to analyst estimates of $39.80 million. On average, research analysts expect that Invesco Mortgage Capital Inc will post 2.25 EPS for the current year.

Invesco Mortgage Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, April 27th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, April 27th. This represents a c) dividend on an annualized basis and a dividend yield of 17.3%. Invesco Mortgage Capital’s dividend payout ratio is currently 194.59%.

Analyst Ratings Changes

Several brokerages recently issued reports on IVR. Weiss Ratings restated a “hold (c-)” rating on shares of Invesco Mortgage Capital in a research report on Friday. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.25.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.