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

Invesco Mortgage Capital (NYSE:IVR) posted its earnings results on Tuesday. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 company 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 posted $1.51 earnings per share.

Invesco Mortgage Capital Trading Down 1.8 %

Shares of Invesco Mortgage Capital stock traded down $0.15 during trading hours on Wednesday, reaching $7.99. 3,575,469 shares of the company’s stock were exchanged, compared to its average volume of 1,088,174. The company has a 50 day moving average of $8.72 and a two-hundred day moving average of $8.95. Invesco Mortgage Capital has a fifty-two week low of $7.32 and a fifty-two week high of $9.97. The stock has a market cap of $438.01 million, a P/E ratio of -7.57 and a beta of 1.90.

Invesco Mortgage Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 20.03%. The ex-dividend date of this dividend was Monday, October 7th. Invesco Mortgage Capital’s payout ratio is -152.38%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IVR shares. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research note 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.