Invesco Mortgage Capital (NYSE:IVR) Announces Earnings Results

Invesco Mortgage Capital (NYSE:IVR) released its earnings results on Tuesday. The real estate investment trust reported $0.68 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 firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. During the same period in the prior year, the business earned $1.51 earnings per share.

Invesco Mortgage Capital Stock Up 2.1 %

Shares of NYSE IVR traded up $0.17 during midday trading on Friday, reaching $8.42. 542,186 shares of the company were exchanged, compared to its average volume of 1,092,309. The stock’s 50-day moving average price is $8.69 and its 200-day moving average price is $8.94. The stock has a market cap of $511.35 million, a P/E ratio of 7.03 and a beta of 1.90. Invesco Mortgage Capital has a one year low of $7.32 and a one year high of $9.97.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 19.00%. The ex-dividend date was Monday, October 7th. Invesco Mortgage Capital’s payout ratio is 133.33%.

Analyst Ratings Changes

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

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.