Invesco Mortgage Capital Inc (NYSE:IVR) Plans Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Friday, August 14th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 19.1%. The ex-dividend date is Tuesday, August 25th.

Invesco Mortgage Capital has decreased its dividend 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. Research analysts expect Invesco Mortgage Capital to earn $1.85 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 77.8%.

Invesco Mortgage Capital Stock Down 0.3%

Shares of NYSE:IVR opened at $7.53 on Friday. The business has a 50-day moving average price of $7.74 and a 200-day moving average price of $8.05. The stock has a market cap of $810.53 million, a price-to-earnings ratio of 5.09 and a beta of 1.60. Invesco Mortgage Capital has a 52-week low of $7.10 and a 52-week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The company had revenue of $30.10 million during the quarter, compared to analyst estimates of $46.48 million. As a group, equities analysts anticipate that Invesco Mortgage Capital will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently modified their holdings of IVR. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Mortgage Capital by 3,282.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 2,954 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter valued at $33,000. Comerica Bank grew its position in shares of Invesco Mortgage Capital by 1,722.1% in the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the period. Caption Management LLC purchased a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth about $43,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Invesco Mortgage Capital by 83.5% during the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,548 shares in the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

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.