Invesco Mort Stock Price, News & Analysis

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.

Invesco Mortgage Capital plans to publicly offer 22 million shares of its common stock, with a 30-day option for underwriters to purchase an additional 3.3 million shares. The proceeds will be directed toward purchasing assets within target classes, ensuring compliance with REIT qualification, and for other corporate purposes. The offering is being managed by BofA Securities and JMP Securities, following an effective registration statement. Investors are advised to review the prospectus supplement filed with the SEC for complete details.

Invesco Mortgage Capital has declared a quarterly cash dividend of $0.08 per share, set for payment on January 26, 2021. This dividend applies to stockholders of record as of January 12, 2021, with an ex-dividend date of January 11, 2021. It is anticipated that all dividends paid in 2020 will be classified as a return of capital for tax purposes. The company focuses on investing in mortgage-backed securities and is managed by Invesco Advisers.

Invesco Mortgage Capital (NYSE: IVR) reported third-quarter 2020 results showing net income of $96.9 million, a significant turnaround from a net loss of $299.9 million in Q2 2020. Earnings per share reached $0.53, and core earnings were $0.06. The company increased its dividend to $0.05 per common share and reported a book value of $3.47, up 9.5% from the previous quarter. Notably, average earning assets soared to $4.2 billion. Invesco resumed purchases of Agency RMBS, contributing to a robust portfolio, while total expenses decreased to $5.9 million.

Invesco Mortgage Capital Inc. (NYSE: IVR) will release its third quarter 2020 financial results on November 9, 2020, before 7:00 a.m. ET. Following this, a conference call and audio webcast will take place on November 10, 2020, at 9:00 a.m. ET. Key executives slated to speak include CEO John Anzalone and CFO Lee Phegley. The presentation will be accessible on the company's website. For participation, North American callers can use 800-857-7465, while international callers should dial 1-312-470-0052.

Invesco Mortgage Capital has declared a quarterly cash dividend of $0.05 per share, payable on October 27, 2020, to stockholders of record as of October 12, 2020. The company reported an investment portfolio of approximately $6.0 billion, with 91% in Agency residential mortgage-backed securities and a cash balance of $408 million. The estimated book value per common share is between $3.29 and $3.39, reflecting gains from credit assets. The company also repaid remaining secured loans totaling $740 million.

Invesco Mortgage Capital Inc. (NYSE: IVR) declared a quarterly cash dividend of $0.4844 per share on its 7.75% Series A Cumulative Redeemable Preferred Stock. This dividend will be paid on October 26, 2020 to stockholders of record by October 1, 2020, with the ex-dividend date set for September 30, 2020. Additionally, the Board intends to meet on September 30, 2020 to declare a dividend for common stock in the third quarter of 2020.

Invesco Mortgage Capital reported a net loss of $299.9 million for Q2 2020, a significant improvement from a loss of $1.6 billion in Q1. Total net interest income decreased to $29.7 million, down from $101 million. The company's average earning assets plummeted to $1.9 billion from $17.8 billion, while borrowings reduced to $982 million from $16.5 billion. Book value per share fell to $3.17, down from $5.02. Despite challenges, liquidity was bolstered, and credit exposure was strategically reduced, aiming for stability in the Agency RMBS market.

Invesco Mortgage Capital Inc. (NYSE: IVR) will release its second quarter 2020 results after market close on August 6, 2020. A conference call to discuss these results will occur on August 7, 2020, at 9:00 a.m. ET. Key executives including John Anzalone (CEO) and Lee Phegley (CFO) will speak during the call. A presentation will be available on their website prior to the call. Investors can participate via a dedicated toll-free line and an audio replay will be accessible until August 21, 2020.