Invesco Mortgage Capital (NYSE:IVR) Issues Earnings Results

Invesco Mortgage Capital (NYSE:IVR) announced its earnings results on Thursday. The real estate investment trust reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02, reports. Invesco Mortgage Capital had a negative net margin of 6.91% and a positive return on equity of 12.51%. The business had revenue of $73.03 million during the quarter, compared to analysts’ expectations of $76.80 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis.

Shares of NYSE IVR traded up $0.49 during midday trading on Friday, reaching $16.22. The stock had a trading volume of 1,782,720 shares, compared to its average volume of 1,271,967. The stock has a 50-day moving average of $15.52 and a 200-day moving average of $15.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 8.72 and a beta of 0.75. Invesco Mortgage Capital has a 12-month low of $13.67 and a 12-month high of $16.67.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were paid a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.10%.

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In other news, insider Mario Clemente acquired 2,000 shares of Invesco Mortgage Capital stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $15.71 per share, with a total value of $31,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward J. Hardin acquired 2,500 shares of Invesco Mortgage Capital stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $15.73 per share, with a total value of $39,325.00. Following the completion of the purchase, the director now owns 35,357 shares of the company’s stock, valued at $556,165.61. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

Separately, TheStreet cut shares of Invesco Mortgage Capital from a “c” rating to a “d+” rating in a report on Thursday, August 8th.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.

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Earnings History for Invesco Mortgage Capital (NYSE:IVR)

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