INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) Posts Earnings Results, Beats Estimates By $0.01 EPS
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) posted its earnings results on Monday. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, Bloomberg Earnings reports. INVESCO MORTGAGE CAPITAL INC had a return on equity of 9.18% and a net margin of 64.31%. During the same quarter last year, the firm posted $0.42 EPS.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) traded up 0.54% on Monday, hitting $16.78. The company had a trading volume of 456,247 shares. The stock has a market capitalization of $1.87 billion, a PE ratio of 4.41 and a beta of 0.81. The stock has a 50 day moving average of $16.75 and a 200-day moving average of $15.85. INVESCO MORTGAGE CAPITAL INC has a one year low of $14.15 and a one year high of $17.34.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Tuesday, June 27th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date was Friday, June 23rd. INVESCO MORTGAGE CAPITAL INC’s payout ratio is presently 41.78%.
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In other INVESCO MORTGAGE CAPITAL INC news, insider John Anzalone purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average cost of $15.54 per share, for a total transaction of $31,080.00. Following the completion of the acquisition, the insider now owns 62,107 shares of the company’s stock, valued at approximately $965,142.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.
A number of research analysts recently weighed in on IVR shares. BidaskClub lowered INVESCO MORTGAGE CAPITAL INC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Wunderlich boosted their target price on INVESCO MORTGAGE CAPITAL INC from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods set a $16.00 target price on INVESCO MORTGAGE CAPITAL INC and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised INVESCO MORTGAGE CAPITAL INC from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.08.
INVESCO MORTGAGE CAPITAL INC Company Profile
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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