Invesco Mortgage Capital (NYSE:IVR) posted its earnings results on Tuesday. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05, Briefing.com reports. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The firm had revenue of $93.04 million during the quarter, compared to analysts’ expectations of $71.20 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis.
Invesco Mortgage Capital (NYSE IVR) traded down $0.29 during mid-day trading on Tuesday, hitting $16.06. The stock had a trading volume of 1,481,046 shares, compared to its average volume of 1,553,516. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1,824.93, a PE ratio of 4.31 and a beta of 0.67. Invesco Mortgage Capital has a 52 week low of $14.72 and a 52 week high of $18.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.42 per share. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 10.46%. The ex-dividend date was Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio is currently 45.16%.
IVR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.25 target price on shares of Invesco Mortgage Capital in a research note on Thursday, October 26th. Credit Suisse Group cut Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $17.74 to $18.00 in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.08.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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