Firethorn Wealth Partners LLC Cuts Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Firethorn Wealth Partners LLC lessened its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,467 shares of the real estate investment trust’s stock after selling 5,949 shares during the period. Firethorn Wealth Partners LLC’s holdings in Invesco Mortgage Capital were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Invesco Mortgage Capital by 7.0% during the third 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 in the last quarter. State Street Corp grew its position in shares of Invesco Mortgage Capital by 1.3% during the third quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust’s stock valued at $9,517,000 after purchasing an additional 12,557 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in shares of Invesco Mortgage Capital by 3.4% during the third quarter. Segall Bryant & Hamill LLC now owns 537,168 shares of the real estate investment trust’s stock valued at $5,044,000 after purchasing an additional 17,453 shares in the last quarter. Van ECK Associates Corp grew its position in Invesco Mortgage Capital by 7.0% in the third quarter. Van ECK Associates Corp now owns 491,433 shares of the real estate investment trust’s stock worth $4,615,000 after acquiring an additional 32,359 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Invesco Mortgage Capital by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 427,296 shares of the real estate investment trust’s stock worth $4,012,000 after acquiring an additional 15,503 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.13 on Friday. The company has a market cap of $493.73 million, a P/E ratio of 6.78 and a beta of 1.86. Invesco Mortgage Capital Inc. has a 1 year low of $7.47 and a 1 year high of $9.97. The firm has a 50-day simple moving average of $8.22 and a two-hundred day simple moving average of $8.59.

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

Invesco Mortgage Capital Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday.

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.