Invesco Mortgage Capital (IVR) Announces Earnings Results, Beats Estimates By $0.05 EPS

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

Invesco Mortgage Capital (IVR) opened at $16.06 on Wednesday. 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 company has a market capitalization of $1,824.93, a price-to-earnings ratio of 4.32 and a beta of 0.67. Invesco Mortgage Capital has a twelve month low of $14.72 and a twelve month 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 issued a $0.42 dividend. 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%. The ex-dividend date of this dividend was Friday, December 22nd. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 45.16%.

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

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Invesco Mortgage Capital Company Profile

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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