Invesco Mortgage Capital (IVR) Releases Earnings Results, Beats Expectations By $0.05 EPS

Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05, reports. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The business had revenue of $93.04 million for the quarter, compared to analysts’ expectations of $71.20 million. During the same period last year, the business earned $0.36 EPS. The company’s revenue was up 16.0% compared to the same quarter last year.

Invesco Mortgage Capital (IVR) traded down $0.29 during mid-day trading on Tuesday, reaching $16.06. 1,481,046 shares of the company were exchanged, compared to its average volume of 1,553,516. The firm has a market cap of $1,824.93, a PE ratio of 4.31 and a beta of 0.67. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. Invesco Mortgage Capital has a one year low of $14.72 and a one year high of $18.86.

The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, December 26th were paid a $0.42 dividend. The ex-dividend date was Friday, December 22nd. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 10.46%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 45.16%.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. Credit Suisse Group cut shares of Invesco Mortgage Capital from an “outperform” rating to a “neutral” rating and raised their price target for the company from $17.74 to $18.00 in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.08.

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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.

Earnings History for Invesco Mortgage Capital (NYSE:IVR)

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