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 reported a net loss of $73 million for Q4 2021, translating to a loss of $0.23 per share, a sharp decline from net income of $49.3 million ($0.17 per share) in Q3 2021. Book value per share decreased to $2.91 from $3.25. Earnings available for distribution remained stable at $0.10 per share. The company’s investment portfolio, valued at $7.8 billion, primarily consisted of Agency residential mortgage-backed securities, which faced underperformance due to market volatility and Federal Reserve policy shifts. Total expenses fell to $7.2 million, reflecting tighter cost controls.
Invesco Mortgage Capital (NYSE: IVR) is set to announce its fourth quarter 2021 results on February 17, 2022, after market close. A conference call is scheduled for February 18, 2022, at 9:00 a.m. ET, featuring top executives including CEO John Anzalone and CFO Lee Phegley. Investors can access a presentation on the company's website prior to the call. An audio replay will be available until March 4, 2022. For further details, interested parties can visit the company's website.
Invesco Mortgage Capital announced that Don Liu will join its Board of Directors in mid-February. Currently the Chief Legal and Risk Officer at Target, Liu brings extensive experience in mergers and acquisitions, risk management, and diversity initiatives. His previous roles include leadership positions at Xerox, Toll Brothers, and Aetna. Jack Hardin, Chair of the Board, expressed confidence in Liu's ability to enhance the Board's focus on diversity and governance.
Invesco Mortgage Capital Inc. (NYSE: IVR) announced a cash dividend of $0.09 per share for the fourth quarter of 2021. This dividend will be paid on January 27, 2022 to stockholders of record on January 11, 2022, with an ex-dividend date of January 10, 2022. The company invests in mortgage-backed securities and is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ). The press release also includes cautionary statements regarding forward-looking statements that may involve risks and uncertainties.
Invesco Mortgage Capital reported Q3 2021 net income of $49.3 million, a reversal from a $88.3 million loss in Q2 2021. Earnings per share were $0.17, while earnings available for distribution remained at $0.10. The book value per share increased 1.2% to $3.25. Economic return reached 4.0%, supported by increased demand for higher coupon collateral amid slow prepayments. The company maintained an investment portfolio of $8.9 billion with a debt-to-equity ratio of 5.4x. The common stock dividend of $0.09 per share was declared for payment on October 26, 2021.
Invesco Mortgage Capital Inc. (NYSE: IVR) will release its third-quarter 2021 results on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 9:00 a.m. ET, featuring key executives including CEO John Anzalone and CFO Lee Phegley. Investors can access a presentation on the results on the company's website. Additionally, an audio replay of the call will be available until November 18, 2021.
Invesco Mortgage Capital announced a cash dividend of $0.09 per share for Q3 2021, payable on October 26, 2021. Stockholders of record as of October 12, 2021 will receive this dividend, with an ex-dividend date set for October 8, 2021. The firm focuses on managing mortgage-backed securities and other related assets. This dividend declaration reflects the company's ongoing commitment to return value to its shareholders despite market uncertainties.
Invesco Mortgage Capital reported a net loss of $88.3 million in Q2 2021, significantly higher than the $20.4 million loss in Q1 2021. The net loss per share was $0.34, compared to $0.09 in the previous quarter. Earnings available for distribution per share were $0.10, down from $0.11. Book value also fell 12.1% to $3.21. The economic return was -9.6%, worsening from -3.1%. The company redeemed $140 million of preferred stock while raising $145.9 million in common equity. Agency RMBS underperformed due to increased supply and reduced demand, alongside expectations of tapering by the Federal Reserve.
Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its second quarter 2021 results on August 4, 2021, after market close. A conference call and audio webcast will follow on August 5, 2021, at 9:00 a.m. ET, featuring executives including CEO John Anzalone and CFO Lee Phegley. Interested participants can join via a toll-free number or webcast link. An audio replay will be accessible until August 19, 2021. Invesco Mortgage Capital focuses on mortgage-backed securities and is externally managed by Invesco Advisers, Inc.
Invesco Mortgage Capital Inc. (NYSE: IVR) announced a quarterly cash dividend of $0.09 per share for Q2 2021. The dividend will be paid on July 27, 2021 to stockholders of record as of July 6, 2021, with an ex-dividend date of July 2, 2021. The company focuses on investing in mortgage-backed securities and other related assets, and is externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ).
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