Invesco Mortgage Capital (NYSE:IVR) Releases Earnings Results, Beats Expectations By $0.03 EPS

Invesco Mortgage Capital (NYSE:IVR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Zacks reports. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%.

Invesco Mortgage Capital Stock Up 0.1%

Shares of IVR traded up $0.01 during trading hours on Thursday, reaching $7.42. 3,129,232 shares of the company traded hands, compared to its average volume of 2,514,846. The stock has a market capitalization of $688.26 million, a PE ratio of 10.02 and a beta of 1.59. The stock has a fifty day simple moving average of $7.88 and a 200 day simple moving average of $8.23. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital Dividend Announcement

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently modified their holdings of the company. Cerity Partners LLC acquired a new stake in Invesco Mortgage Capital during the fourth quarter worth approximately $98,000. BNP Paribas Financial Markets raised its holdings in 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 valued at $98,000 after acquiring an additional 7,318 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Invesco Mortgage Capital during the 3rd quarter worth $94,000. Brooklyn Investment Group acquired a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth $93,000. Finally, Strs Ohio acquired a new stake in shares of Invesco Mortgage Capital during the first quarter worth $82,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

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.