Invesco Mortgage Capital (NYSE:IVR) Releases Earnings Results

by · The Cerbat Gem

Invesco Mortgage Capital (NYSE:IVRGet Free Report) posted its earnings results on Thursday. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02), FiscalAI reports. The firm had revenue of $56.06 million for the quarter, compared to analysts’ expectations of $47.99 million. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.

Invesco Mortgage Capital Trading Down 2.9%

NYSE IVR traded down $0.26 on Friday, reaching $8.65. 1,145,032 shares of the company were exchanged, compared to its average volume of 2,720,126. The business’s fifty day moving average price is $8.53 and its 200 day moving average price is $7.91. The stock has a market capitalization of $613.36 million, a P/E ratio of 16.95 and a beta of 1.71. Invesco Mortgage Capital has a fifty-two week low of $5.86 and a fifty-two week high of $9.50.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, January 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a c) dividend on an annualized basis and a yield of 16.7%. Invesco Mortgage Capital’s payout ratio is 282.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IVR shares. Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Compass Point assumed coverage on shares of Invesco Mortgage Capital in a report on Monday, December 15th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and a consensus price target of $8.25.

View Our Latest Analysis on IVR

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in Invesco Mortgage Capital by 16.8% during the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,011 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $44,000 after buying an additional 2,548 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invesco Mortgage Capital by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 340,898 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 4,101 shares during the last quarter. Jane Street Group LLC raised its position in shares of Invesco Mortgage Capital by 23.7% during the 2nd quarter. Jane Street Group LLC now owns 22,517 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 4,317 shares during the period. Finally, Comerica Bank raised its position in shares of 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 valued at $39,000 after buying an additional 4,839 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

(Get Free Report)

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.

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