Invesco Mortgage Capital/$IVR
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Capital at risk
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.
- Ticker
- $IVR
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- -
- Headquarters
- Atlanta, United States
IVR Metrics
BasicAdvanced
$458M
-
-$0.98
1.85
$1.60
19.14%
Price and volume
Market cap
$458M
Beta
1.85
52-week high
$9.32
52-week low
$8.35
Dividend rate
$1.60
Financial strength
Current ratio
0.053
Quick ratio
0.024
Total debt to equity
5.614
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
414.22%
Operating margin (TTM)
406.93%
Management effectiveness
Return on assets (TTM)
-0.47%
Return on equity (TTM)
-3.22%
Valuation
Price to revenue (TTM)
-64.626
Price to book
0.88
Price to tangible book (TTM)
0.88
Price to free cash flow (TTM)
2.301
Free cash flow yield (TTM)
43.45%
Free cash flow per share (TTM)
3.632
Dividend yield (TTM)
19.14%
Forward dividend yield
19.14%
Growth
Revenue change (TTM)
-65.80%
Earnings per share change (TTM)
-25.70%
3-year revenue growth (CAGR)
-66.03%
3-year earnings per share growth (CAGR)
-40.76%
3-year dividend per share growth (CAGR)
-19.79%
What the Analysts think about IVR
Majority rating from 5 analysts.
| Month | Buy | Hold | Sell | Analysts | Majority rating |
|---|---|---|---|---|---|
| July 2023 | 0 | 2 | 2 | 4 | Hold |
| August 2023 | 0 | 2 | 2 | 4 | Hold |
| September 2023 | 0 | 2 | 1 | 3 | Hold |
| October 2023 | 0 | 3 | 1 | 4 | Hold |
| November 2023 | 0 | 3 | 1 | 4 | Hold |
| December 2023 | 0 | 4 | 1 | 5 | Hold |
| January 2024 | 0 | 4 | 1 | 5 | Hold |
| February 2024 | 0 | 4 | 1 | 5 | Hold |
| March 2024 | 0 | 4 | 1 | 5 | Hold |
| April 2024 | 0 | 4 | 1 | 5 | Hold |
| May 2024 | 0 | 4 | 1 | 5 | Hold |
| June 2024 | 0 | 4 | 1 | 5 | Hold |
Bulls say / Bears say
IVR returned to profitability in the second quarter, with $0.34 of GAAP earnings per share and a 3.8% economic return after a negative first quarter. Earnings available for distribution of $0.50 per share also covered the $0.36 quarterly dividend. (Invesco Mortgage Capital)
The portfolio is concentrated in agency RMBS and agency CMBS, which offer government credit protection or relatively predictable cash flows. Management says spreads and valuations remain attractive, while contained net supply and broad investor demand could support asset prices and carry. (Invesco Mortgage Capital)
Risk controls provide some resilience if markets remain unsettled: IVR had hedged 97% of borrowing costs at the end of the second quarter and held $548.3 million in unrestricted cash and unencumbered investments. Its expanded $8.2 billion portfolio also gives it more assets from which to generate income. (The Motley Fool, Invesco Mortgage Capital)
Leverage leaves shareholders exposed to relatively small changes in mortgage prices and funding conditions. At 31 August, estimated book value was $7.74 per share, economic debt-to-equity was 7.5 times and repo borrowings were $6.9 billion. (Invesco Mortgage Capital)
The earnings cushion narrowed in the second quarter: earnings available for distribution fell from $0.55 to $0.50 per share even though the monthly dividend stayed at $0.12. A further fall in earnings could therefore put pressure on the payout or limit capital available for portfolio growth. (Invesco Mortgage Capital)
Interest-rate and spread volatility can quickly erode book value despite hedging. Book value fell 7.3% in the first quarter, producing a negative 3.2% economic return, and mortgage spreads widened further after the second quarter as front-end rate volatility and geopolitical risks returned. (Invesco Mortgage Capital, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.
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Funds containing IVR
Fund name | Fund size | $IVR weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
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