Allspring Global Investments Holdings LLC Cuts Stock Position in Invesco Mortgage Capital Inc. (NYSE:IVR)

Allspring Global Investments Holdings LLC decreased its stake in shares of Invesco Mortgage Capital Inc. (NYSE:IVR) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,312 shares of the real estate investment trust’s stock after selling 7,039 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Invesco Mortgage Capital were worth $56,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IVR. Swiss National Bank boosted its stake in Invesco Mortgage Capital by 1.6% in the 3rd quarter. Swiss National Bank now owns 91,601 shares of the real estate investment trust’s stock worth $917,000 after purchasing an additional 1,400 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Invesco Mortgage Capital by 13.8% during the 3rd quarter. Amalgamated Bank now owns 18,681 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 2,268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Invesco Mortgage Capital by 63.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 3,192 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 1.4% in the third quarter. Principal Financial Group Inc. now owns 239,808 shares of the real estate investment trust’s stock worth $2,400,000 after acquiring an additional 3,261 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Invesco Mortgage Capital by 9.1% during the third quarter. Nisa Investment Advisors LLC now owns 42,116 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 3,530 shares during the last quarter. 40.54% of the stock is owned by institutional investors.

Invesco Mortgage Capital Trading Up 1.2 %

IVR opened at $8.67 on Tuesday. Invesco Mortgage Capital Inc. has a 1-year low of $6.34 and a 1-year high of $12.37. The firm’s 50 day simple moving average is $8.94 and its two-hundred day simple moving average is $8.57. The company has a market capitalization of $421.73 million, a PE ratio of -10.83 and a beta of 1.88.

Invesco Mortgage Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were issued a $0.40 dividend. The ex-dividend date was Friday, April 5th. This represents a $1.60 dividend on an annualized basis and a yield of 18.47%. Invesco Mortgage Capital’s dividend payout ratio is currently -200.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Monday.

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.