Invesco Mortgage Capital (NYSE:IVR) Posts Earnings Results, Misses Expectations By $0.11 EPS

Invesco Mortgage Capital (NYSE:IVR) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11), Zacks reports. The company had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $12.38 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same period in the prior year, the company posted $1.51 EPS.

Invesco Mortgage Capital Trading Up 2.0 %

Shares of NYSE:IVR traded up $0.16 during midday trading on Thursday, hitting $8.15. The stock had a trading volume of 899,432 shares, compared to its average volume of 1,090,861. The company has a market capitalization of $446.78 million, a PE ratio of -7.61 and a beta of 1.90. Invesco Mortgage Capital has a 1 year low of $7.32 and a 1 year high of $9.97. The stock has a 50 day moving average price of $8.70 and a two-hundred day moving average price of $8.94.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were paid a $0.40 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.60 annualized dividend and a yield of 19.63%. Invesco Mortgage Capital’s dividend payout ratio is currently -152.38%.

Analysts Set New Price Targets

A number of research analysts have recently commented on IVR shares. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th.

Invesco Mortgage Capital Company Profile

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.