Invesco Mortgage Capital (NYSE:IVR) Releases Earnings Results, Beats Expectations By $0.03 EPS

Invesco Mortgage Capital (NYSE:IVR) announced its earnings results on Thursday. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Zacks reports. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.

Invesco Mortgage Capital Stock Performance

Shares of Invesco Mortgage Capital stock traded up $0.01 during trading on Thursday, reaching $7.42. The company had a trading volume of 3,129,232 shares, compared to its average volume of 2,546,093. The company has a market cap of $688.26 million, a price-to-earnings ratio of 10.02 and a beta of 1.59. The firm’s fifty day moving average is $7.87 and its 200-day moving average is $8.22. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 27th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 19.4%. The ex-dividend date is Monday, July 27th. Invesco Mortgage Capital’s dividend payout ratio is 194.59%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC raised its stake in Invesco Mortgage Capital by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 1,983 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Invesco Mortgage Capital by 16.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 2,011 shares in the last quarter. Verition Fund Management LLC grew its position in shares of Invesco Mortgage Capital by 2.5% in the 4th quarter. Verition Fund Management LLC now owns 89,700 shares of the real estate investment trust’s stock worth $754,000 after acquiring an additional 2,148 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Invesco Mortgage Capital by 8.8% in the 4th quarter. Vident Advisory LLC now owns 30,940 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 2,492 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Monday. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings cut Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Invesco Mortgage Capital currently has an average rating of “Hold” and a consensus price target of $8.25.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.