Invesco Mortgage Capital (NYSE:IVR) Releases Earnings Results, Misses Estimates By $0.11 EPS

Invesco Mortgage Capital (NYSE:IVR) announced its earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11), Zacks reports. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The company had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $12.38 million. During the same quarter in the previous year, the business posted $1.51 earnings per share.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR traded down $0.15 during mid-day trading on Wednesday, hitting $7.99. The company had a trading volume of 3,663,425 shares, compared to its average volume of 1,088,546. The firm’s 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $8.95. The stock has a market cap of $438.01 million, a price-to-earnings ratio of -7.57 and a beta of 1.90. Invesco Mortgage Capital has a 12 month low of $7.32 and a 12 month high of $9.97.

Invesco Mortgage Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 20.03%. The ex-dividend date of this dividend was Monday, October 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is -152.38%.

Analysts Set New Price Targets

IVR has been the subject of a number of recent analyst reports. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.