Invesco Mortgage Capital (NYSE:IVR) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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Invesco Mortgage Capital (NYSE:IVR) announced its earnings results on Sunday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04, MarketWatch Earnings reports.

Shares of NYSE:IVR opened at $3.89 on Tuesday. The company has a market capitalization of $897.90 million, a price-to-earnings ratio of -0.36 and a beta of 1.45. Invesco Mortgage Capital has a 52 week low of $1.56 and a 52 week high of $15.58. The firm has a 50 day moving average of $3.65 and a 200 day moving average of $3.20.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 26th. Investors of record on Tuesday, January 12th were paid a $0.08 dividend. This is an increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 8.23%. Invesco Mortgage Capital’s payout ratio is 16.67%.

In related news, Director James R. Lientz, Jr. sold 10,888 shares of the business’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $3.42, for a total value of $37,236.96. Following the completion of the transaction, the director now owns 43,931 shares of the company’s stock, valued at $150,244.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.

IVR has been the subject of several recent analyst reports. Zacks Investment Research lowered Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Jefferies Financial Group initiated coverage on Invesco Mortgage Capital in a research report on Monday, December 14th. They set an “underperform” rating and a $2.75 target price for the company. Finally, Bank of America boosted their target price on Invesco Mortgage Capital from $2.50 to $3.00 and gave the company an “underperform” rating in a research report on Wednesday, November 25th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $2.80.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that primarily 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.

Further Reading: Profit margin is different from the revenue

Earnings History for Invesco Mortgage Capital (NYSE:IVR)

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