Invesco Mortgage Capital (NYSE:IVR – Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%.
Invesco Mortgage Capital Trading Down 0.4%
Shares of NYSE IVR traded down $0.02 during midday trading on Thursday, reaching $5.43. 3,643,278 shares of the company were exchanged, compared to its average volume of 3,876,925. The stock has a market cap of $584.49 million, a P/E ratio of 3.67 and a beta of 1.69. The stock has a fifty day simple moving average of $6.33 and a 200 day simple moving average of $7.69. Invesco Mortgage Capital has a 1 year low of $5.22 and a 1 year high of $9.50.
Invesco Mortgage Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 26.5%. The ex-dividend date of this dividend is Monday, October 26th. Invesco Mortgage Capital’s dividend payout ratio is presently 97.30%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on IVR shares. Zacks Research upgraded Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings downgraded Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.38.
Read Our Latest Analysis on Invesco Mortgage Capital
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related assets. The company focuses on residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S. government-sponsored enterprises and agencies, as well as non-agency mortgage-backed securities and other mortgage-related investments.
Invesco Mortgage Capital seeks to generate income from its investment portfolio through interest payments and other returns associated with mortgage assets.
Read More
- Five stocks we like better than Invesco Mortgage Capital
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.
