Welcome to our dedicated page for Invesco Mortgage Capital news (Ticker: IVR), a resource for investors and traders seeking the latest updates and insights on Invesco Mortgage Capital stock.
Invesco Mortgage Capital Inc. (NYSE: IVR) is a prominent independent mortgage real estate investment trust (mREIT) company with offices in Atlanta, Georgia, and Louisville, Kentucky. As a mortgage REIT, Invesco Mortgage Capital Inc. focuses on delivering consistent investment value to shareholders by leveraging its expertise and resources to generate steady income from real estate-related investments. The company acquires, finances, and manages residential and commercial mortgage-backed securities (MBS) and mortgage loans.
Invesco Mortgage Capital Inc. holds a diversified portfolio consisting of various types of MBS. These include residential mortgage-backed securities (RMBS) guaranteed by U.S. government agencies like the Government National Mortgage Association (Ginnie Mae) and federally chartered corporations such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The portfolio also comprises commercial mortgage-backed securities (CMBS) and non-agency RMBS that are not backed by government guarantees.
The company is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading global investment management firm. This relationship provides Invesco Mortgage Capital Inc. with significant advisory and management expertise, ensuring effective portfolio management and strategic investment decisions.
Recent news highlights include the announcement of second quarter 2023 results on August 3, 2023, where the company reported a book value per common share of $11.98 and earnings available for distribution at $1.45 per common share. Despite facing challenges such as higher interest rates and FDIC sales impacting book value, Invesco Mortgage Capital Inc. maintained strong earnings through its hedging strategy.
Invesco Mortgage Capital Inc. continues to adapt to market conditions, focusing on maintaining a robust balance sheet with significant unrestricted cash and unencumbered investments. The company regularly communicates with investors through earnings calls and detailed financial reports, ensuring transparency and engagement.
Invesco Mortgage Capital Inc. is dedicated to providing attractive risk-adjusted returns to its shareholders primarily through dividends and capital appreciation. The company strives to maintain a high level of income generation from its real estate-related investments, adjusting its strategies in response to the evolving economic landscape.
Invesco Mortgage Capital Inc. (NYSE: IVR) declared a cash dividend of $0.40 per share for Q1 2023, payable on April 27, 2023. The dividend is intended to retain capital and enhance book value amid strong earnings potential, despite rising interest rates. The estimated net income per share for the two months ending February 28, 2023 ranges from $0.99 to $1.01, aligning with estimated earnings available for distribution. As of March 17, 2023, the total investment portfolio stood at $5.5 billion with an estimated book value per share of $11.96 to $12.44.
Invesco Mortgage Capital Inc. (NYSE: IVR) has announced the appointment of Katharine Kelley to its Board of Directors, effective March 1, 2023. Kelley, who is the President and Owner of Green Street Properties, brings significant expertise in real estate development, particularly in multifamily and commercial sectors. She will serve on the Audit, Compensation, and Nomination and Corporate Governance committees. Additionally, the company will hold its 2023 Annual Meeting of Stockholders on May 8, 2023. Shareholders of record as of March 9, 2023 will be entitled to vote at the meeting.
Invesco Mortgage Capital Inc. (NYSE: IVR) reported a strong financial performance for Q4 2022, with net income per common share of $0.84, reversing a loss of $2.78 in Q3 2022. Earnings available for distribution increased to $1.46 per share, while the common stock dividend remained at $0.65. Despite a slight decline in book value per share to $12.79, the company achieved an economic return of 5.0%, aided by improved valuations of Agency RMBS. The debt-to-equity ratio was 5.3x, indicating stable leverage. Looking forward, the management anticipates favorable conditions in 2023, contingent on reduced interest rate volatility.
Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its fourth quarter 2022 results on February 21, 2023, after market close. Following this, a conference call is scheduled for February 22, 2023, at 9:00 a.m. ET to discuss the results. Key executives, including CEO John Anzalone and CFO Lee Phegley, will participate. Investors can access a presentation on the company's website beforehand. A replay of the audio will be available until March 8, 2023. As a real estate investment trust, Invesco primarily focuses on mortgage-backed securities and related assets.
Invesco Mortgage Capital Inc. (NYSE: IVR) declared a cash dividend of $0.65 per share for Q4 2022. The dividend is scheduled for payment on January 27, 2023, to shareholders on record as of January 9, 2023. The ex-dividend date is set for January 6, 2023. This announcement reflects the company's ongoing commitment to returning value to its investors.
Invesco Mortgage Capital (NYSE: IVR) reported a net loss per share of $2.78 for Q3 2022, an improvement from $3.52 in Q2 2022. Earnings available for distribution per share were $1.39, slightly down from $1.40 in Q2. The common stock dividend dropped to $0.65 from $0.90. Book value per share decreased to $12.80 from $16.16, reflecting challenging conditions in the Agency RMBS sector. The debt-to-equity ratio rose to 5.1x. Overall, the company acknowledged a difficult environment but noted potential long-term opportunities in Agency RMBS.
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