Invesco Mortgage Capital Inc to Issue Monthly Dividend of $0.12 (NYSE:IVR)

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 18.9%. The ex-dividend date is Tuesday, March 24th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Stock Down 5.5%

Invesco Mortgage Capital stock opened at $7.64 on Friday. The firm has a market cap of $635.85 million, a PE ratio of 5.97 and a beta of 1.76. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.50. The company’s 50 day moving average is $8.65 and its two-hundred day moving average is $8.13.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The business had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $47.99 million. On average, equities research analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IVR. Compass Point assumed coverage on Invesco Mortgage Capital in a report on Monday, December 15th. They issued a “buy” rating and a $9.00 target price for the company. Zacks Research downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.25.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.