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

Key Points

• Invesco Mortgage Capital reported quarterly EPS of $0.47, exceeding analyst expectations of $0.46. The company posted a 38.01% net margin and 26.48% return on equity.
• The stock fell 0.4% to $5.43, near its one-year low of $5.22, while trading below its 50-day and 200-day moving averages.
• The company declared a monthly dividend of $0.12 per share, equivalent to $1.44 annually and a 26.5% yield. Analysts maintain a consensus “Hold” rating with an $8.38 price target.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) announced its earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%.

Invesco Mortgage Capital Trading Down 0.4%

NYSE IVR traded down $0.02 on Thursday, hitting $5.43. 3,643,278 shares of the company's stock traded hands, compared to its average volume of 3,876,925. Invesco Mortgage Capital has a 1-year low of $5.22 and a 1-year high of $9.50. The firm's 50-day moving average price is $6.33 and its two-hundred day moving average price is $7.69. The firm has a market capitalization of $584.49 million, a PE ratio of 2.49 and a beta of 1.69.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, October 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a yield of 26.5%. Invesco Mortgage Capital's dividend payout ratio (DPR) is currently 97.30%.

Analyst Upgrades and Downgrades

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

About Invesco Mortgage Capital

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.

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