Invesco Mortgage Capital (NYSE:IVR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02, Briefing.com reports. The business had revenue of $73.03 million during the quarter, compared to the consensus estimate of $76.80 million. Invesco Mortgage Capital had a negative net margin of 6.91% and a positive return on equity of 12.51%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share.
Invesco Mortgage Capital stock traded up $0.49 during mid-day trading on Friday, hitting $16.22. The company’s stock had a trading volume of 1,782,720 shares, compared to its average volume of 1,271,967. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 8.72 and a beta of 0.75. The business has a 50 day moving average price of $15.52 and a 200-day moving average price of $15.88. Invesco Mortgage Capital has a 12 month low of $13.67 and a 12 month high of $16.67.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Friday, September 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.10%. The ex-dividend date was Thursday, September 26th.
In other news, insider Mario Clemente acquired 2,000 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $15.71 per share, with a total value of $31,420.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward J. Hardin acquired 2,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $15.73 per share, with a total value of $39,325.00. Following the completion of the purchase, the director now owns 35,357 shares of the company’s stock, valued at approximately $556,165.61. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
Separately, TheStreet downgraded shares of Invesco Mortgage Capital from a “c” rating to a “d+” rating in a research note on Thursday, August 8th.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that 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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