IVR Stock Recent News

In the closing of the recent trading day, Invesco Mortgage Capital (IVR) stood at $8.62, denoting a +1.17% change from the preceding trading day.

Invesco Mortgage common stock and preferred shares carry significant risk, with IVR-C being severely overpriced and offering low yield relative to alternatives. IVR-C's stripped yield is only 7.63%, and its annualized yield to call is about 8.2%, both insufficient for the high risk involved. The floating rate on IVR-C starts in 2027, and its floating spread is only 5.289%, making it less attractive compared to lower-risk options like AGNCN.

In the closing of the recent trading day, Invesco Mortgage Capital (IVR) stood at $9.01, denoting a +1.46% change from the preceding trading day.

I believe Invesco Mortgage Capital Inc. faces significant risks from rising prepayment rates and spread risk, which could devalue its MBS portfolio and impact returns. Lower liquidity at the liability level can occur if U.S. economic variables don't improve. Moreover, I anticipate higher credit risk in 2025, which might add to funding uncertainty and refinancing. Regression analysis illustrates the mREIT's potential in a stable market environment. However, I don't think a stable market outlook is warranted.

Invesco Mortgage Capital (IVR) closed at $9.11 in the latest trading session, marking a +0.05% move from the prior day.

Invesco Mortgage Capital (IVR) primarily invests in Agency RMBS and employs leverage to enhance yields, making it sensitive to interest rate fluctuations. IVR's dividend history shows significant cuts due to margin calls and liquidity issues, particularly during the COVID-19 pandemic. Despite recent GAAP losses, IVR's earnings available for distribution suggest a potential future dividend increase as unrealized losses diminish.

Invesco Mortgage Capital (IVR) closed at $8.77 in the latest trading session, marking a +0.92% move from the prior day.

Invesco Mortgage Capital Inc. (NYSE:IVR ) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants John Anzalone - Chief Executive Officer Lee Phegley - Chief Financial Officer Brian Norris - Chief Investment Officer Greg Seals - Investor Relations Conference Call Participants Jason Weaver - JonesTrading Jason Stewart - Janney Montgomery Operator Good morning and thank you for standing by. Welcome to the Invesco Mortgage Capital second quarter 2024 earnings call.

Invesco Mortgage Capital (IVR) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.45 per share a year ago.

ATLANTA , Aug. 8, 2024 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today announced financial results for the quarter ended June 30, 2024. Net loss per common share of $0.38 compared to net income of $0.49 in Q1 2024 Earnings available for distribution per common share(1) of $0.86 unchanged from Q1 2024 Common stock dividend of $0.40 per common share, unchanged from Q1 2024 Book value per common share(2) of $9.27 compared to $10.08 as of March 31, 2024 Economic return(3) of (4.1)% compared to 4.8% in Q1 2024 Update from John Anzalone, Chief Executive Officer "Agency RMBS valuations were negatively impacted during the second quarter as persistent uncertainty regarding near-term monetary policy led to an increase in interest rate volatility.