Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Misses Estimates By $0.02 EPS

Invesco Mortgage Capital (NYSE:IVR) released its earnings results on Thursday. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02), FiscalAI reports. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%.

Invesco Mortgage Capital Price Performance

Shares of NYSE:IVR traded down $0.05 during trading on Thursday, reaching $8.90. 2,303,584 shares of the stock were exchanged, compared to its average volume of 2,786,331. The firm has a market cap of $631.49 million, a price-to-earnings ratio of 17.45 and a beta of 1.71. Invesco Mortgage Capital has a 1-year low of $5.86 and a 1-year high of $9.50. The stock has a fifty day moving average of $8.50 and a two-hundred day moving average of $7.90.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, January 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 16.2%. Invesco Mortgage Capital’s dividend payout ratio is currently 282.35%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IVR shares. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Compass Point began coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 price objective for the company. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.25.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank increased its holdings in Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares during the period. BNP Paribas Financial Markets grew its position in shares of Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,548 shares during the last quarter. Strs Ohio purchased a new stake in shares of Invesco Mortgage Capital in the 1st quarter worth about $82,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at approximately $82,000. Finally, PharVision Advisers LLC bought a new stake in Invesco Mortgage Capital in the third quarter worth $94,000. Institutional investors own 40.54% of the company’s stock.

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.