Invesco Mortgage Capital (NYSE:IVR) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Posted by Cynthia Vaughn on Nov 8th, 2024

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11), Zacks reports. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The firm had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. During the same quarter last year, the firm earned $1.51 earnings per share.

Invesco Mortgage Capital Trading Up 1.8 %

Invesco Mortgage Capital stock traded up $0.15 during trading hours on Friday, reaching $8.40. 608,096 shares of the stock were exchanged, compared to its average volume of 1,092,612. The stock has a 50 day moving average of $8.69 and a two-hundred day moving average of $8.94. The company has a market cap of $510.13 million, a P/E ratio of 7.03 and a beta of 1.90. Invesco Mortgage Capital has a twelve month low of $7.32 and a twelve month high of $9.97.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a dividend of $0.40 per share. The ex-dividend date was Monday, October 7th. This represents a $1.60 annualized dividend and a yield of 19.05%. Invesco Mortgage Capital’s dividend payout ratio is 133.33%.

Analysts Set New Price Targets

A number of research firms recently weighed in on IVR. StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

Read Our Latest Stock Report on IVR

Invesco Mortgage Capital Company Profile

(Get Free Report)

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.