INVESCO MORTGAGE CAPITAL INC (IVR) to Release Earnings on Monday
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $82.94 million for the quarter, compared to analyst estimates of $84.50 million. INVESCO MORTGAGE CAPITAL INC had a net margin of 71.92% and a return on equity of 8.97%. During the same period in the previous year, the firm earned $0.42 EPS. On average, analysts expect INVESCO MORTGAGE CAPITAL INC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of INVESCO MORTGAGE CAPITAL INC (NYSE IVR) traded down 0.97% during mid-day trading on Monday, reaching $17.37. 230,917 shares of the company’s stock were exchanged. INVESCO MORTGAGE CAPITAL INC has a 52 week low of $14.15 and a 52 week high of $18.02. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 4.14 and a beta of 0.81. The stock has a 50 day moving average price of $17.29 and a 200 day moving average price of $16.71.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Wednesday, September 27th were paid a $0.41 dividend. This is a positive change from INVESCO MORTGAGE CAPITAL INC’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 9.35%. The ex-dividend date of this dividend was Tuesday, September 26th. INVESCO MORTGAGE CAPITAL INC’s payout ratio is currently 37.79%.
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Several research firms have recently weighed in on IVR. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 price objective on shares of INVESCO MORTGAGE CAPITAL INC in a research note on Thursday. BidaskClub raised INVESCO MORTGAGE CAPITAL INC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered INVESCO MORTGAGE CAPITAL INC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.75.
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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