Invesco Mortgage Capital Inc (IVR) To Go Ex-Dividend on July 27th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Wednesday, July 15th. Investors of record on Monday, July 27th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a yield of 17.6%. The ex-dividend date is Monday, July 27th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%per year over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco Mortgage Capital to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 73.1%.

Invesco Mortgage Capital Trading Up 0.6%

IVR stock opened at $8.19 on Friday. The stock has a market capitalization of $759.73 million, a PE ratio of 11.06 and a beta of 1.59. Invesco Mortgage Capital has a 12-month low of $7.10 and a 12-month high of $9.50. The stock’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $8.27.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.The company had revenue of ($15.01) million for the quarter, compared to analysts’ expectations of $39.80 million. On average, research analysts predict that Invesco Mortgage Capital will post 2.01 earnings per share for the current year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Several hedge funds have recently modified their holdings of IVR. Vanguard Group Inc. raised its stake in Invesco Mortgage Capital by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock valued at $28,180,000 after purchasing an additional 50,548 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Invesco Mortgage Capital by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after acquiring an additional 199,259 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Invesco Mortgage Capital by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock valued at $14,369,000 after acquiring an additional 101,303 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Invesco Mortgage Capital by 7.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock worth $11,674,000 after acquiring an additional 113,608 shares in the last quarter. Finally, Millennium Management LLC grew its position in Invesco Mortgage Capital by 1,607.0% in the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock worth $11,517,000 after acquiring an additional 1,434,149 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.