Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) declared a monthly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 18.0%. The ex-dividend date is Tuesday, June 23rd.
Invesco Mortgage Capital has decreased its dividend by an average of 0.3%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco Mortgage Capital to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 73.1%.
Invesco Mortgage Capital Stock Down 0.1%
Invesco Mortgage Capital stock opened at $8.00 on Friday. 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 $742.10 million, a P/E ratio of 10.80 and a beta of 1.61. The company’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $8.33.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on IVR. Zacks Research downgraded Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. 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 raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $8.25.
Get Our Latest Research Report on IVR
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.
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