IVR Stock Overview
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets.
Invesco Mortgage Capital Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.62|
|52 Week High||US$4.60|
|52 Week Low||US$2.61|
|1 Month Change||-7.42%|
|3 Month Change||-17.09%|
|1 Year Change||-26.40%|
|3 Year Change||-83.57%|
|5 Year Change||-82.31%|
|Change since IPO||-86.51%|
Recent News & Updates
Invesco Mortgage Capital: Speculative $3 Buy
The dividend was covered which was nice to see. Book value fell 12%, and shares need to fall a bit more to be at a level you can speculate comfortably at. The net interest spread was decent at 2.12%, and we think this spread improves if rates start to expand in the coming weeks again.
Invesco Mortgage stock jumps amid retail trader chatter
JARAMA/iStock via Getty Images Invesco Mortgage Capital (IVR) stock rides up 17%, touching its highest level in almost a year, as retail traders chatter on social media about the mortgage REIT. With short interest at ~13%, some posts suggest the stock could be a short-squeeze candidate. Some 62M shares changed hands before midday New York time, more than 8 times its three-month average daily volume. A couple other mREITs also make significant gains — Western Asset Management (WMC) climbs 5.0%, MFA
Invesco Mortgage Capital proposes 37.5M shares in stock offering
Invesco Mortgage Capital (IVR) trades 3.1% down after hours on intending to offer 37.5M shares in a public offering; underwriters granted 30-day option to purchase up to an additional 5.625M shares.Net proceeds to be used for paying the earlier announced redemption of the issued and outstanding shares of the company's 7.75% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, and to use any remaining net proceeds for general corporate purposes.
|IVR||US Mortgage REITs||US Market|
Return vs Industry: IVR underperformed the US Mortgage REITs industry which returned 3.9% over the past year.
Return vs Market: IVR underperformed the US Market which returned 7.7% over the past year.
|IVR Average Weekly Movement||4.2%|
|Mortgage REITs Industry Average Movement||3.6%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: IVR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IVR's weekly volatility (4%) has been stable over the past year.
About the Company
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing 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. government agency or federally chartered corporation; RMBS and CMBS that are not issued or guaranteed by a U.S. government agency or federally chartered corporation; credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; residential and commercial mortgage loans; and other real estate-related financing arrangements. Invesco Mortgage Capital Inc. has elected to be taxed as a REIT and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
Invesco Mortgage Capital Fundamentals Summary
|IVR fundamental statistics|
Is IVR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IVR income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||41.48%|
How did IVR perform over the long term?See historical performance and comparison
13.7%Current Dividend Yield
Is Invesco Mortgage Capital undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IVR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IVR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IVR is poor value based on its PE Ratio (15.7x) compared to the US Mortgage REITs industry average (9.9x).
PE vs Market: IVR is good value based on its PE Ratio (15.7x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: IVR is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: IVR's PB Ratio (0.8x) is in line with the US Mortgage REITs industry average.
How is Invesco Mortgage Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IVR's forecast earnings growth (77.5% per year) is above the savings rate (2%).
Earnings vs Market: IVR's earnings (77.5% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IVR's revenue (3.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: IVR's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IVR's Return on Equity is forecast to be low in 3 years time (10.2%).
How has Invesco Mortgage Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IVR has high quality earnings.
Growing Profit Margin: IVR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IVR has become profitable over the past 5 years, growing earnings by -55.1% per year.
Accelerating Growth: IVR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IVR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (37.8%).
Return on Equity
High ROE: IVR's Return on Equity (6.7%) is considered low.
How is Invesco Mortgage Capital's financial position?
Financial Position Analysis
Short Term Liabilities: IVR's short term assets ($538.8M) do not cover its short term liabilities ($7.9B).
Long Term Liabilities: IVR's short term assets ($538.8M) exceed its long term liabilities ($6.3M).
Debt to Equity History and Analysis
Debt Level: IVR's net debt to equity ratio (528.4%) is considered high.
Reducing Debt: IVR's debt to equity ratio has reduced from 619.3% to 541.4% over the past 5 years.
Debt Coverage: IVR's debt is not well covered by operating cash flow (1.7%).
Interest Coverage: Insufficient data to determine if IVR's interest payments on its debt are well covered by EBIT.
What is Invesco Mortgage Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IVR's dividend (13.74%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: IVR's dividend (13.74%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: IVR's dividend payments have been volatile in the past 10 years.
Growing Dividend: IVR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (163%), IVR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IVR's dividends in 3 years are not forecast to be well covered by earnings (106.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Anzalone (56 yo)
Mr. John M. Anzalone, CFA serves as Chief Investment Officer at Invesco Agency Securities Inc. Mr. Anzalone has been the Chief Executive Officer of Invesco Mortgage Capital Inc. since March 1, 2017. He ser...
Experienced Management: IVR's management team is considered experienced (4.3 years average tenure).
Experienced Board: IVR's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IVR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 71.9%.
Invesco Mortgage Capital Inc.'s employee growth, exchange listings and data sources
- Name: Invesco Mortgage Capital Inc.
- Ticker: IVR
- Exchange: NYSE
- Founded: 2008
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$816.761m
- Shares outstanding: 311.74m
- Website: https://www.invescomortgagecapital.com
- Invesco Mortgage Capital Inc.
- Two Peachtree Pointe
- Suite 1800
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 00:08|
|End of Day Share Price||2022/01/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.