Invesco Mortgage Capital (NYSE:IVR - Get Free Report) announced its earnings results on Thursday. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21), Zacks reports. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. The business had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million.
Invesco Mortgage Capital Trading Down 0.6 %
IVR stock traded down $0.06 during trading on Friday, reaching $8.91. 1,882,545 shares of the stock were exchanged, compared to its average volume of 1,087,670. The firm's 50 day moving average is $8.31 and its 200 day moving average is $8.49. Invesco Mortgage Capital has a twelve month low of $7.47 and a twelve month high of $9.97. The firm has a market cap of $540.80 million, a P/E ratio of 13.70 and a beta of 1.88.
Invesco Mortgage Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, December 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 17.97%. The ex-dividend date of this dividend was Monday, December 30th. Invesco Mortgage Capital's dividend payout ratio (DPR) is currently 246.16%.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.
Get Our Latest Stock Report on Invesco Mortgage Capital
Invesco Mortgage Capital Company Profile
(
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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.
Further Reading
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