Invesco Mortgage Capital Inc (IVR) To Go Ex-Dividend on July 7th

Invesco Mortgage Capital Inc (NYSE:IVR) declared a quarterly dividend on Tuesday, June 24th, RTT News reports. Stockholders of record on Monday, July 7th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, July 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.55%. The ex-dividend date of this dividend is Monday, July 7th.

Invesco Mortgage Capital has a dividend payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Up 0.3%

NYSE:IVR opened at $7.75 on Thursday. Invesco Mortgage Capital has a 1 year low of $5.86 and a 1 year high of $9.97. The firm has a 50 day moving average of $7.44 and a 200-day moving average of $7.93. The stock has a market capitalization of $511.05 million, a P/E ratio of 18.45 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. Invesco Mortgage Capital had a net margin of 17.27% and a return on equity of 32.00%. The firm had revenue of $18.82 million during the quarter, compared to analysts’ expectations of $44.71 million. As a group, analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in Invesco Mortgage Capital by 9.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after purchasing an additional 31,410 shares during the last quarter. Jane Street Group LLC acquired a new stake in Invesco Mortgage Capital during the 1st quarter worth $144,000. Jones Financial Companies Lllp grew its holdings in Invesco Mortgage Capital by 4,329.2% during the 1st quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 16,624 shares during the period. Finally, Strs Ohio acquired a new stake in Invesco Mortgage Capital during the 1st quarter worth $82,000. Institutional investors own 40.54% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 9th.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.