Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Misses Estimates By $0.11 EPS

Posted by Michael Baxter on Nov 8th, 2024

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. During the same quarter last year, the company posted $1.51 EPS.

Invesco Mortgage Capital Trading Up 2.1 %

NYSE IVR traded up $0.17 during trading on Friday, reaching $8.42. The company’s stock had a trading volume of 542,186 shares, compared to its average volume of 1,092,309. The firm has a market capitalization of $511.35 million, a price-to-earnings ratio of 7.03 and a beta of 1.90. Invesco Mortgage Capital has a 12 month low of $7.32 and a 12 month high of $9.97. The firm has a 50 day moving average price of $8.69 and a 200 day moving average price of $8.94.

Invesco Mortgage Capital Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

View Our Latest Stock Report on IVR

About Invesco Mortgage Capital

(Get Free Report)

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.