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

Invesco Mortgage Capital (NYSE:IVR) issued its earnings results on Thursday. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. The company had revenue of $33.93 million during the quarter, compared to analysts’ expectations of $57.52 million. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%.

Invesco Mortgage Capital Stock Up 0.8%

Shares of NYSE IVR traded up $0.04 on Friday, reaching $5.49. 3,279,057 shares of the company’s stock traded hands, compared to its average volume of 2,724,649. The company has a market cap of $590.41 million, a price-to-earnings ratio of 3.70 and a beta of 1.69. The business’s 50 day simple moving average is $6.33 and its two-hundred day simple moving average is $7.69. Invesco Mortgage Capital has a 12 month low of $5.22 and a 12 month high of $9.50.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 26.3%. Invesco Mortgage Capital’s dividend payout ratio is currently 97.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IVR shares. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. UBS Group set a $7.75 price target on Invesco Mortgage Capital and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Finally, Weiss Ratings downgraded shares of Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco Mortgage Capital presently has an average rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Company Profile

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.