INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) declared a quarterly dividend on Friday, September 15th, RTT News reports. Investors of record on Wednesday, September 27th will be paid a dividend of 0.41 per share by the real estate investment trust on Thursday, October 26th. This represents a $1.64 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Tuesday, September 26th. This is a positive change from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40.
INVESCO MORTGAGE CAPITAL INC has decreased its dividend payment by an average of 13.2% per year over the last three years. INVESCO MORTGAGE CAPITAL INC has a payout ratio of 102.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
INVESCO MORTGAGE CAPITAL INC (IVR) opened at 17.10 on Thursday. INVESCO MORTGAGE CAPITAL INC has a 52 week low of $14.15 and a 52 week high of $17.34. The company has a 50-day moving average of $16.92 and a 200-day moving average of $16.29. The company has a market cap of $1.91 billion, a PE ratio of 4.08 and a beta of 0.80.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. INVESCO MORTGAGE CAPITAL INC had a return on equity of 8.97% and a net margin of 71.92%. The company had revenue of $82.94 million for the quarter, compared to analyst estimates of $84.50 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities analysts expect that INVESCO MORTGAGE CAPITAL INC will post $1.61 EPS for the current year.
IVR has been the topic of several analyst reports. BidaskClub upgraded INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.25 target price on shares of INVESCO MORTGAGE CAPITAL INC in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. INVESCO MORTGAGE CAPITAL INC currently has an average rating of “Buy” and an average price target of $17.81.
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About INVESCO MORTGAGE CAPITAL INC
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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