Invesco Mortgage Capital (NYSE:IVR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Invesco Mortgage Capital (NYSE:IVR) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.

Invesco Mortgage Capital Stock Performance

Shares of IVR traded down $0.02 during midday trading on Thursday, hitting $5.43. 3,643,278 shares of the stock were exchanged, compared to its average volume of 3,876,925. The stock has a fifty day simple moving average of $6.33 and a 200 day simple moving average of $7.69. Invesco Mortgage Capital has a 52-week low of $5.22 and a 52-week high of $9.50. The firm has a market cap of $584.49 million, a P/E ratio of 2.49 and a beta of 1.69.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, October 26th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a yield of 26.5%. Invesco Mortgage Capital’s payout ratio is presently 97.30%.

Analyst Ratings Changes

IVR has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. Finally, UBS Group set a $7.75 price target on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related assets. The company focuses on residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S. government-sponsored enterprises and agencies, as well as non-agency mortgage-backed securities and other mortgage-related investments.

Invesco Mortgage Capital seeks to generate income from its investment portfolio through interest payments and other returns associated with mortgage assets.