STOCK TITAN

Invesco Mortgage Capital Inc. - IVR STOCK NEWS

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.

Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) announced the pricing of its public offering of 37.5 million common shares, generating approximately $128.625 million in gross proceeds. The offering, set to close on June 1, 2021, includes a 30-day option for underwriters to purchase an additional 5.625 million shares. Proceeds will primarily fund the redemption of the 7.75% Series A Cumulative Redeemable Preferred Stock and support general corporate purposes like repayment of obligations and working capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
Tags
-
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) announced a public offering of 37.5 million shares of its common stock, with an option for underwriters to purchase an additional 5.625 million shares. The company intends to use the proceeds to redeem its 7.75% Series A Cumulative Redeemable Preferred Stock, with any remaining funds allocated for general corporate purposes. The offering, managed by several financial institutions, follows an effective registration statement dated February 27, 2019, and will comply with SEC regulations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
Tags
-
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) announced the redemption of all 5.6 million outstanding shares of its 7.75% Series A Cumulative Redeemable Preferred Stock on June 16, 2021. Shareholders will receive a cash redemption price of $25.00 per share, plus any unpaid dividends from April 26, 2021 up to the redemption date. The shares will be redeemed through the Depository Trust Company, with Computershare Trust Company N.A. serving as the redemption agent. Dividends will cease to accrue after the redemption date.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
none
Rhea-AI Summary

Invesco Mortgage Capital reported a net loss of $20.4 million for Q1 2021, translating to a loss of $0.09 per common share, a stark contrast to a net income of $111.6 million ($0.59 per share) in Q4 2020. Core earnings increased to $0.11 per share from $0.10. The book value per share fell to $3.65 from $3.86 due to rising interest rates impacting Agency RMBS valuations. The company maintained a dividend of $0.09 per common share. Economic returns dropped to (3.1%) from 13.5%. Total assets grew to $9.3 billion, and total borrowings rose to $8.3 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.47%
Tags
-
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) will release its first quarter 2021 results on May 5, 2021, after market close. A conference call is scheduled for May 6, 2021, at 9:00 a.m. ET, featuring key executives including CEO John Anzalone and CFO Lee Phegley. Investors can access the audio webcast through the company's website. A replay will be available until May 20, 2021. Invesco Mortgage Capital primarily invests in mortgage-backed securities and related assets, managed by Invesco Advisers, Inc.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
none
-
Rhea-AI Summary

Invesco Mortgage Capital has declared a quarterly cash dividend of $0.09 per share for Q1 2021. The dividend payment is scheduled for April 27, 2021, with a record date of April 9, 2021 and an ex-dividend date of April 8, 2021. As a real estate investment trust, Invesco focuses on investing in and managing mortgage-backed securities. This announcement reflects the company's commitment to returning value to its shareholders amidst a volatile economic environment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
dividends
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) announced its 2021 Annual Meeting of Stockholders will take place virtually on May 4, 2021, at 2:00 p.m. ET, due to COVID-19 precautions. Stockholders of record as of March 4, 2021, can participate by logging in to the designated meeting website. A voter control number is required for registered stockholders to vote and ask questions. Instructions for advance registration will be provided in the upcoming proxy statement, expected on March 18, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
none
-
Rhea-AI Summary

Invesco Mortgage Capital reported a net income of $111.6 million or $0.59 per common share for Q4 2020, up from $96.9 million in Q3 2020. The core earnings rose to $0.10 per share, a significant increase from $0.06 in Q3. Book value per share increased by 11.2% to $3.86. The company raised its dividend to $0.08 per share. The economic return for the quarter was 13.5%. Total average assets grew to $7.7 billion, reflecting increased investments in Agency RMBS as part of the portfolio reallocation after COVID-19 disruptions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
Tags
-
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its fourth quarter 2020 results on February 22, 2021, after market close. A conference call to discuss these results is scheduled for February 23, 2021, at 9:00 a.m. ET. Key executives participating include CEO John Anzalone and CFO Lee Phegley. Interested parties can access the presentation on the company's website or join the conference call via toll-free and international numbers provided in the release. An audio replay will be available until March 9, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) has announced the upsizing and pricing of its public offering of 24 million shares at $3.83 per share, generating approximately $91.9 million in gross proceeds. The offering is set to close on February 4, 2021, and includes a 30-day option for underwriters to purchase an additional 3.6 million shares. The net proceeds will be utilized for purchasing assets in target classes and general corporate purposes. BofA Securities and JMP Securities are managing the offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
Tags

FAQ

What is the current stock price of Invesco Mortgage Capital (IVR)?

The current stock price of Invesco Mortgage Capital (IVR) is $8.37 as of December 20, 2024.

What is the market cap of Invesco Mortgage Capital (IVR)?

The market cap of Invesco Mortgage Capital (IVR) is approximately 504.1M.

What does Invesco Mortgage Capital Inc. do?

Invesco Mortgage Capital Inc. is a mortgage REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans.

Where is Invesco Mortgage Capital Inc. headquartered?

Invesco Mortgage Capital Inc. has offices in Atlanta, Georgia and Louisville, Kentucky, U.S.A.

What is the stock ticker symbol for Invesco Mortgage Capital Inc.?

The stock ticker symbol for Invesco Mortgage Capital Inc. is IVR, and it is listed on the New York Stock Exchange (NYSE).

Who manages Invesco Mortgage Capital Inc.?

Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd.

What types of securities does Invesco Mortgage Capital Inc. invest in?

Invesco Mortgage Capital Inc. invests in residential and commercial mortgage-backed securities, including those guaranteed by U.S. government agencies and federally chartered corporations, as well as non-agency RMBS.

How does Invesco Mortgage Capital Inc. generate income?

The company generates income by investing in, financing, and managing mortgage-backed securities and loans, aiming to deliver steady returns to shareholders.

What recent achievements has Invesco Mortgage Capital Inc. reported?

In the second quarter of 2023, the company reported earnings available for distribution of $1.45 per common share, maintaining strong earnings through strategic hedging despite market challenges.

How does Invesco Mortgage Capital Inc. communicate with investors?

The company provides regular updates through earnings calls, detailed financial reports, and presentations available on its website, ensuring transparency and engagement.

What is the company's approach to market conditions?

Invesco Mortgage Capital Inc. adapts its strategies in response to market conditions, focusing on maintaining a robust balance sheet with significant unrestricted cash and unencumbered investments.

What is the primary objective of Invesco Mortgage Capital Inc.?

The primary objective is to provide attractive risk-adjusted returns to shareholders through dividends and capital appreciation from real estate-related investments.

Invesco Mortgage Capital Inc.

NYSE:IVR

IVR Rankings

IVR Stock Data

504.06M
60.56M
0.28%
40.46%
7.8%
REIT - Mortgage
Real Estate Investment Trusts
Link
United States of America
ATLANTA