Firethorn Wealth Partners LLC Sells 5,949 Shares of Invesco Mortgage Capital Inc. (NYSE:IVR)

Firethorn Wealth Partners LLC lessened its stake in Invesco Mortgage Capital Inc. (NYSE:IVR) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,467 shares of the real estate investment trust’s stock after selling 5,949 shares during the period. Firethorn Wealth Partners LLC owned about 0.10% of Invesco Mortgage Capital worth $495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVR. Geode Capital Management LLC raised its position in Invesco Mortgage Capital by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock valued at $11,504,000 after purchasing an additional 80,051 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Invesco Mortgage Capital during the 3rd quarter valued at approximately $1,002,000. Barclays PLC grew its holdings in shares of Invesco Mortgage Capital by 326.5% during the 3rd quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock worth $708,000 after acquiring an additional 57,649 shares during the period. PL Capital Advisors LLC grew its holdings in shares of Invesco Mortgage Capital by 100.0% during the 3rd quarter. PL Capital Advisors LLC now owns 400,000 shares of the real estate investment trust’s stock worth $3,756,000 after acquiring an additional 200,000 shares during the period. Finally, State Street Corp grew its holdings in shares of Invesco Mortgage Capital by 1.3% during the 3rd quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust’s stock worth $9,517,000 after acquiring an additional 12,557 shares during the period. Institutional investors own 40.54% of the company’s stock.

Analyst Ratings Changes

IVR has been the topic of a number of research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

Invesco Mortgage Capital Stock Up 0.5 %

Invesco Mortgage Capital stock opened at $8.13 on Friday. The stock’s 50 day moving average is $8.22 and its 200 day moving average is $8.59. Invesco Mortgage Capital Inc. has a twelve month low of $7.47 and a twelve month high of $9.97. The company has a market capitalization of $493.73 million, a P/E ratio of 6.78 and a beta of 1.86.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The business had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same quarter in the prior year, the business posted $1.51 earnings per share. As a group, equities analysts expect that Invesco Mortgage Capital Inc. will post 3.06 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, December 30th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 19.68%. Invesco Mortgage Capital’s payout ratio is 133.33%.

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.