Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Beats Expectations By $0.04 EPS


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Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings results on Sunday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04, MarketWatch Earnings reports.

Shares of NYSE IVR traded down $0.07 during trading hours on Tuesday, hitting $3.82. 13,834,338 shares of the stock were exchanged, compared to its average volume of 10,273,654. The company’s 50 day moving average is $3.65 and its 200 day moving average is $3.20. The firm has a market capitalization of $881.74 million, a P/E ratio of -0.35 and a beta of 1.45. Invesco Mortgage Capital has a one year low of $1.56 and a one year high of $15.58.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 26th. Shareholders of record on Tuesday, January 12th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 8.38%. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, January 11th. Invesco Mortgage Capital’s payout ratio is currently 16.67%.

IVR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Bank of America boosted their price objective on shares of Invesco Mortgage Capital from $2.50 to $3.00 and gave the company an “underperform” rating in a research report on Wednesday, November 25th. Finally, Jefferies Financial Group initiated coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 14th. They set an “underperform” rating and a $2.75 price objective on the stock. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Invesco Mortgage Capital has an average rating of “Sell” and a consensus price target of $2.80.

In related news, Director James R. Lientz, Jr. sold 10,888 shares of the company’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $3.42, for a total transaction of $37,236.96. Following the completion of the sale, the director now directly owns 43,931 shares of the company’s stock, valued at approximately $150,244.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily 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.

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Earnings History for Invesco Mortgage Capital (NYSE:IVR)

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