Penserra Capital Management LLC Has $207,000 Holdings in Invesco Mortgage Capital Inc. (NYSE:IVR)

Posted by Defense World Staff on Feb 27th, 2023

Penserra Capital Management LLC cut its holdings in Invesco Mortgage Capital Inc. (NYSE:IVR – Get Rating) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,708 shares of the real estate investment trust’s stock after selling 6,085 shares during the quarter. Penserra Capital Management LLC owned 0.05% of Invesco Mortgage Capital worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Invesco Mortgage Capital by 18.5% during the first quarter. Vanguard Group Inc. now owns 39,063,936 shares of the real estate investment trust’s stock worth $89,067,000 after purchasing an additional 6,089,233 shares during the period. BlackRock Inc. grew its holdings in Invesco Mortgage Capital by 7.1% during the first quarter. BlackRock Inc. now owns 55,516,956 shares of the real estate investment trust’s stock worth $126,578,000 after buying an additional 3,700,042 shares in the last quarter. State Street Corp grew its holdings in Invesco Mortgage Capital by 14.7% during the first quarter. State Street Corp now owns 11,943,815 shares of the real estate investment trust’s stock worth $27,232,000 after buying an additional 1,527,774 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Invesco Mortgage Capital by 399.3% during the first quarter. Renaissance Technologies LLC now owns 692,500 shares of the real estate investment trust’s stock worth $1,579,000 after buying an additional 553,800 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Invesco Mortgage Capital by 33.6% during the first quarter. Invesco Ltd. now owns 1,186,628 shares of the real estate investment trust’s stock worth $2,705,000 after buying an additional 298,712 shares in the last quarter. 53.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Stock Performance

Shares of NYSE:IVR opened at $12.83 on Monday. The business has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $13.49. Invesco Mortgage Capital Inc. has a 1 year low of $9.60 and a 1 year high of $24.00.

Invesco Mortgage Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Monday, January 9th were paid a $0.65 dividend. The ex-dividend date was Friday, January 6th. This represents a $2.60 dividend on an annualized basis and a yield of 20.27%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -20.54%.

Analyst Ratings Changes

Several brokerages recently issued reports on IVR. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday. Barclays decreased their price target on Invesco Mortgage Capital from $14.00 to $12.00 in a report on Friday, January 6th.

Invesco Mortgage Capital Profile

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Invesco Mortgage Capital, Inc is a holding company, which engages in investing, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The firm primarily invests in the following: residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), non-agency RMBS, non-agency CMBS, credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises, residential and commercial mortgage loans, and other real estate-related financing arrangements.