Invesco Mort Stock Price, News & Analysis

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).

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.

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.

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.