Invesco Mortgage Capital (NYSE:IVR) Releases Earnings Results, Beats Estimates By $0.01 EPS

Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. The firm had revenue of $33.93 million during the quarter, compared to analysts’ expectations of $57.52 million. Invesco Mortgage Capital had a positive return on equity of 26.91% and a negative net margin of 8.49%.

Invesco Mortgage Capital Price Performance

NYSE:IVR traded down $0.12 during trading hours on Friday, hitting $5.32. The company had a trading volume of 5,775,474 shares, compared to its average volume of 3,775,968. The company has a market capitalization of $572.64 million, a PE ratio of -29.55 and a beta of 1.69. The stock has a 50-day moving average price of $6.29 and a 200 day moving average price of $7.67. Invesco Mortgage Capital has a 52 week low of $5.22 and a 52 week high of $9.50.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, October 26th will be given a $0.12 dividend. The ex-dividend date is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 27.1%. Invesco Mortgage Capital’s payout ratio is presently -800.00%.

Analysts Set New Price Targets

IVR has been the subject of a number of research reports. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Zacks Research upgraded shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Invesco Mortgage Capital currently has an average rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related assets. The company focuses on residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S. government-sponsored enterprises and agencies, as well as non-agency mortgage-backed securities and other mortgage-related investments.

Invesco Mortgage Capital seeks to generate income from its investment portfolio through interest payments and other returns associated with mortgage assets.