Invesco Mortgage Capital (NYSE:IVR) Issues Earnings Results

Invesco Mortgage Capital (NYSE:IVR) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03, Zacks reports. The business had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%.

Invesco Mortgage Capital Trading Up 0.1%

Shares of IVR stock opened at $7.42 on Friday. The business’s 50 day moving average is $7.87 and its two-hundred day moving average is $8.22. Invesco Mortgage Capital has a twelve month low of $7.10 and a twelve month high of $9.50. The company has a market capitalization of $688.26 million, a P/E ratio of 10.02 and a beta of 1.59.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 27th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 19.4%. The ex-dividend date of this dividend is Monday, July 27th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 194.59%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several large investors have recently modified their holdings of IVR. Cerity Partners LLC purchased a new position in Invesco Mortgage Capital in the 4th quarter valued at $98,000. BNP Paribas Financial Markets lifted its stake in shares of Invesco Mortgage Capital by 130.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,917 shares of the real estate investment trust’s stock worth $98,000 after acquiring an additional 7,318 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Invesco Mortgage Capital in the third quarter valued at about $94,000. Brooklyn Investment Group acquired a new position in shares of Invesco Mortgage Capital during the fourth quarter worth about $93,000. Finally, Strs Ohio purchased a new position in Invesco Mortgage Capital during the first quarter worth about $82,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Wall Street Analysts Forecast Growth

IVR has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Finally, Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.25.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.