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

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

Invesco Mortgage Capital Stock Performance

NYSE IVR traded down $0.19 on Wednesday, reaching $7.95. The stock had a trading volume of 3,163,548 shares, compared to its average volume of 1,086,038. The stock has a market cap of $435.82 million, a P/E ratio of -7.75 and a beta of 1.90. The business’s 50-day moving average price is $8.72 and its 200 day moving average price is $8.95. Invesco Mortgage Capital has a 12-month low of $7.32 and a 12-month high of $9.97.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 20.13%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -152.38%.

Wall Street Analyst Weigh In

IVR has been the topic of a number of analyst reports. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th.

About Invesco Mortgage Capital

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.