Invesco Mortgage Capital Inc (NYSE:IVR) declared a quarterly dividend on Thursday, June 18th, Wall Street Journal reports. Shareholders of record on Monday, July 6th will be given a dividend of 0.02 per share by the real estate investment trust on Tuesday, July 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, July 2nd.
Invesco Mortgage Capital has a dividend payout ratio of 289.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Invesco Mortgage Capital stock opened at $3.57 on Tuesday. The stock has a market capitalization of $605.43 million, a price-to-earnings ratio of -0.40 and a beta of 1.42. Invesco Mortgage Capital has a 52-week low of $1.56 and a 52-week high of $15.73. The stock’s 50 day moving average price is $3.62 and its two-hundred day moving average price is $10.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.02 and a current ratio of 0.02.
A number of equities analysts have issued reports on the company. Credit Suisse Group restated a “sell” rating and set a $2.50 price target on shares of Invesco Mortgage Capital in a report on Monday, June 22nd. Barclays cut Invesco Mortgage Capital from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $3.00 to $2.00 in a report on Wednesday, May 27th. ValuEngine upgraded Invesco Mortgage Capital from a “strong sell” rating to a “sell” rating in a report on Monday, June 1st. Finally, TheStreet cut Invesco Mortgage Capital from a “c-” rating to a “d” rating in a report on Wednesday, June 24th.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
Further Reading: Stock Symbols and CUSIP Explained
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