Invesco Mortgage Capital (NYSE:IVR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02, Briefing.com reports. Invesco Mortgage Capital had a positive return on equity of 12.51% and a negative net margin of 6.91%. The business had revenue of $73.03 million for the quarter, compared to the consensus estimate of $76.80 million. During the same period last year, the business posted $0.41 EPS. The business’s revenue was up 3.1% compared to the same quarter last year.
Shares of NYSE:IVR traded up $0.49 on Friday, reaching $16.22. The company had a trading volume of 1,782,720 shares, compared to its average volume of 1,271,967. Invesco Mortgage Capital has a 52-week low of $13.67 and a 52-week high of $16.67. The firm’s 50 day simple moving average is $15.52 and its 200-day simple moving average is $15.88. The firm has a market capitalization of $2.24 billion, a PE ratio of 8.72 and a beta of 0.75. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.78.
The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were issued a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.10%.
Separately, TheStreet downgraded Invesco Mortgage Capital from a “c” rating to a “d+” rating in a report on Thursday, August 8th.
In other Invesco Mortgage Capital news, insider Mario Clemente bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $15.71 per share, for a total transaction of $31,420.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edward J. Hardin bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $15.73 per share, for a total transaction of $39,325.00. Following the completion of the purchase, the director now owns 35,357 shares in the company, valued at $556,165.61. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
Recommended Story: Options Trading – What is a Straddle?
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.