Invesco Mortgage Capital Inc (NYSE:IVR) released its quarterly earnings results on Monday. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04, Bloomberg Earnings reports. Invesco Mortgage Capital had a net margin of 71.92% and a return on equity of 8.97%. The business had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.85 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
Shares of Invesco Mortgage Capital (NYSE IVR) traded down $0.29 during mid-day trading on Monday, hitting $16.71. 1,285,405 shares of the stock traded hands, compared to its average volume of 724,543. The company has a market cap of $1,897.37, a P/E ratio of 10.76 and a beta of 0.87. Invesco Mortgage Capital has a 12-month low of $14.15 and a 12-month high of $18.02. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.90.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Wednesday, September 27th were given a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 9.81%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 37.79%.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods upgraded shares of Invesco Mortgage Capital from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $16.25 to $18.00 in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.75.
Invesco Mortgage Capital Company Profile
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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