Media stories about Invesco Mortgage Capital (NYSE:IVR) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Invesco Mortgage Capital earned a news impact score of 0.22 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.1889053811518 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Invesco Mortgage Capital traded up $0.24, hitting $16.23, during mid-day trading on Wednesday, according to Marketbeat Ratings. 664,860 shares of the stock were exchanged, compared to its average volume of 1,013,748. Invesco Mortgage Capital has a 1-year low of $15.15 and a 1-year high of $18.86. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 9.03 and a beta of 0.60.
Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Invesco Mortgage Capital had a net margin of 51.09% and a return on equity of 10.18%. The business had revenue of $85.10 million for the quarter, compared to the consensus estimate of $64.10 million. During the same period in the prior year, the business posted $0.40 earnings per share. Invesco Mortgage Capital’s revenue for the quarter was down 1.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Stockholders of record on Wednesday, June 27th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Tuesday, June 26th.
A number of research firms have recently weighed in on IVR. Barclays reiterated a “hold” rating and set a $16.00 price target on shares of Invesco Mortgage Capital in a report on Monday, May 7th. ValuEngine lowered Invesco Mortgage Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Invesco Mortgage Capital has a consensus rating of “Hold” and an average price target of $17.42.
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 mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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