Invesco Mortgage Capital (NYSE:IVR) released its earnings results on Thursday. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02, Briefing.com reports. The business had revenue of $73.03 million for the quarter, compared to analyst estimates of $76.80 million. Invesco Mortgage Capital had a negative net margin of 6.91% and a positive return on equity of 12.51%. Invesco Mortgage Capital’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share.
IVR stock traded up $0.49 during midday trading on Friday, hitting $16.22. The stock had a trading volume of 1,782,720 shares, compared to its average volume of 1,271,967. The firm has a market cap of $2.24 billion, a P/E ratio of 8.72 and a beta of 0.75. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.78. Invesco Mortgage Capital has a 1-year low of $13.67 and a 1-year high of $16.67. The business has a fifty day moving average price of $15.52 and a two-hundred day moving average price of $15.88.
The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Friday, September 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 11.10%.
In other news, insider Mario Clemente bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $15.71 per share, for a total transaction of $31,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward J. Hardin bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $15.73 per share, for a total transaction of $39,325.00. Following the acquisition, the director now owns 35,357 shares of the company’s stock, valued at $556,165.61. The disclosure for this purchase can be found here. 0.26% of the stock is owned by insiders.
Separately, TheStreet lowered shares of Invesco Mortgage Capital from a “c” rating to a “d+” rating in a report on Thursday, August 8th.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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