Invesco Mortgage Capital (NYSE:IVR) Releases Quarterly Earnings Results

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

IVR stock traded down $0.10 during midday trading on Tuesday, hitting $3.79. 476,277 shares of the stock were exchanged, compared to its average volume of 10,155,880. The stock’s 50-day moving average price is $3.65 and its 200-day moving average price is $3.20. The stock has a market cap of $874.82 million, a price-to-earnings ratio of -0.34 and a beta of 1.45. Invesco Mortgage Capital has a fifty-two week low of $1.56 and a fifty-two week high of $15.58.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 26th. Investors of record on Tuesday, January 12th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, January 11th. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 8.44%. Invesco Mortgage Capital’s payout ratio is currently 16.67%.

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

In related news, Director James R. Lientz, Jr. sold 10,888 shares of Invesco Mortgage Capital stock in a transaction on Monday, December 7th. The stock was sold at an average price of $3.42, for a total transaction of $37,236.96. Following the completion of the transaction, the director now directly owns 43,931 shares of the company’s stock, valued at $150,244.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

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.

Featured Story: What is a good dividend yield?

Earnings History for Invesco Mortgage Capital (NYSE:IVR)

Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with's FREE daily email newsletter.