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

Invesco Mortgage Capital (NYSE:IVR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50, Zacks reports. The business had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 28.30%.

Invesco Mortgage Capital Trading Up 0.2%

NYSE:IVR opened at $7.42 on Friday. The company has a 50-day moving average price of $7.86 and a 200-day moving average price of $8.21. Invesco Mortgage Capital has a 12 month low of $7.10 and a 12 month high of $9.50. The stock has a market cap of $689.21 million, a price-to-earnings ratio of 5.02 and a beta of 1.59.

Invesco Mortgage Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 27th will be issued a $0.12 dividend. The ex-dividend date is Monday, July 27th. This represents a c) annualized dividend and a yield of 19.4%. Invesco Mortgage Capital’s dividend payout ratio is 97.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IVR shares. Zacks Research raised shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.25.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its position in Invesco Mortgage Capital by 8.5% during the 4th quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after acquiring an additional 199,259 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Invesco Mortgage Capital in the fourth quarter worth $129,000. Vident Advisory LLC raised its holdings in Invesco Mortgage Capital by 8.8% in the fourth quarter. Vident Advisory LLC now owns 30,940 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 2,492 shares in the last quarter. XTX Topco Ltd bought a new position in Invesco Mortgage Capital in the fourth quarter worth $306,000. Finally, Zacks Investment Management lifted its position in Invesco Mortgage Capital by 22.4% during the fourth quarter. Zacks Investment Management now owns 251,349 shares of the real estate investment trust’s stock valued at $2,114,000 after buying an additional 46,029 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.