Invesco Mortgage Capital (NYSE:IVR) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02, Briefing.com reports. Invesco Mortgage Capital had a negative net margin of 6.91% and a positive return on equity of 12.51%. The company had revenue of $73.03 million during the quarter, compared to analysts’ expectations of $76.80 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis.
IVR traded up $0.49 on Friday, reaching $16.22. The stock had a trading volume of 1,782,720 shares, compared to its average volume of 1,271,967. Invesco Mortgage Capital has a 12-month low of $13.67 and a 12-month high of $16.67. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $15.52 and its two-hundred day moving average price is $15.88. The company has a market cap of $2.24 billion, a P/E ratio of 8.72 and a beta of 0.75.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Friday, September 27th were issued a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a yield of 11.10%.
Separately, TheStreet cut shares of Invesco Mortgage Capital from a “c” rating to a “d+” rating in a report on Thursday, August 8th.
In related news, insider Mario Clemente bought 2,000 shares of the company’s stock in a transaction dated 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 document filed 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 dated Wednesday, August 21st. The stock was bought at an average price of $15.73 per share, for a total transaction of $39,325.00. Following the transaction, 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 currently owned by insiders.
About Invesco Mortgage Capital
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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