Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Misses Estimates By $0.02 EPS

Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02), FiscalAI reports. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.

Invesco Mortgage Capital Price Performance

Shares of IVR traded down $0.05 during trading hours on Thursday, reaching $8.90. 2,316,354 shares of the company’s stock traded hands, compared to its average volume of 2,808,584. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.50. The business’s fifty day simple moving average is $8.50 and its two-hundred day simple moving average is $7.90. The firm has a market capitalization of $631.49 million, a price-to-earnings ratio of 17.45 and a beta of 1.71.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, January 26th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Monday, January 26th. Invesco Mortgage Capital’s payout ratio is 282.35%.

Analysts Set New Price Targets

A number of analysts recently weighed in on IVR shares. Compass Point started coverage on shares of Invesco Mortgage Capital in a research report on Monday, December 15th. They set a “buy” rating and a $9.00 price target for the company. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research report on Monday, December 29th. Finally, Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its holdings in shares of Invesco Mortgage Capital by 4,329.2% in the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Invesco Mortgage Capital by 9.3% in the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock worth $2,907,000 after acquiring an additional 31,410 shares in the last quarter. Jane Street Group LLC purchased a new position in Invesco Mortgage Capital during the 1st quarter worth approximately $144,000. Strs Ohio purchased a new position in shares of Invesco Mortgage Capital during the first quarter valued at $82,000. Finally, Envestnet Asset Management Inc. grew its stake in Invesco Mortgage Capital by 63.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 8,553 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

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.