Invesco Mort Stock Price, News & Analysis

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.

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.

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.

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.