Invesco Mortgage Capital (NYSE:IVR) Announces Earnings Results

Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11), Zacks reports. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The business had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. During the same quarter in the prior year, the company earned $1.51 EPS.

Invesco Mortgage Capital Stock Down 1.8 %

Shares of Invesco Mortgage Capital stock traded down $0.15 during trading on Wednesday, reaching $7.99. The company’s stock had a trading volume of 3,575,469 shares, compared to its average volume of 1,088,174. The business’s 50-day moving average price is $8.72 and its 200-day moving average price is $8.95. Invesco Mortgage Capital has a 52 week low of $7.32 and a 52 week high of $9.97. The firm has a market cap of $438.01 million, a PE ratio of -7.57 and a beta of 1.90.

Invesco Mortgage Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were paid a $0.40 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.60 annualized dividend and a yield of 20.03%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -152.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IVR. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

Invesco Mortgage Capital Company Profile

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.