Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Misses Estimates By $0.02 EPS

Invesco Mortgage Capital (NYSE:IVR) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02), FiscalAI reports. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.

Invesco Mortgage Capital Trading Down 0.5%

IVR traded down $0.05 during trading hours on Thursday, hitting $8.90. 2,303,584 shares of the company’s stock were exchanged, compared to its average volume of 2,786,331. The firm has a 50 day moving average of $8.50 and a 200 day moving average of $7.90. Invesco Mortgage Capital has a 12-month low of $5.86 and a 12-month high of $9.50. The firm has a market cap of $631.49 million, a P/E ratio of 17.45 and a beta of 1.71.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, January 26th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Monday, January 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 282.35%.

Analysts Set New Price Targets

Several research firms recently issued reports on IVR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday, December 29th. Zacks Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Compass Point assumed coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They issued a “buy” rating and a $9.00 target price for the company. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.25.

Institutional Trading of Invesco Mortgage Capital

A number of large investors have recently bought and sold shares of IVR. Russell Investments Group Ltd. increased its stake in shares of Invesco Mortgage Capital by 16.8% during the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 2,011 shares during the period. BNP Paribas Financial Markets grew its holdings in Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,548 shares during the period. Ameriprise Financial Inc. raised its position in shares of Invesco Mortgage Capital by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 340,898 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 4,101 shares during the period. Jane Street Group LLC lifted its position in Invesco Mortgage Capital by 23.7% during the second quarter. Jane Street Group LLC now owns 22,517 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 4,317 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,839 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.