Invesco Mortgage Capital (IVR) Stock Overview
Operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 6/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
IVR Community Fair Values
Create NarrativeSee what 42 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Invesco Mortgage Capital Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.87 |
| 52 Week High | US$9.50 |
| 52 Week Low | US$7.10 |
| Beta | 1.6 |
| 1 Month Change | -5.86% |
| 3 Month Change | -6.09% |
| 1 Year Change | 7.07% |
| 3 Year Change | -23.37% |
| 5 Year Change | -76.85% |
| Change since IPO | -95.95% |
Recent News & Updates
Seeking Alpha • May 09
IVR.PR.C: 12.5% In One Year By The Invesco Mortgage Capital's Preferred Stock
Summary Invesco Mortgage Capital preferred stock IVR.PR.C trades below par, offering an appealing entry for investors with a 2027 horizon. IVR.PR.C’s fixed-to-floating structure, with a 7.5% fixed coupon until 09/27/2027, transitions to SOFR + 5.55%, enhancing upside if rates normalize. IVR’s robust hedging—96% of borrowing costs fixed at 1.66%—and improved debt-to-equity (6.1x) support preferred stock stability. With a calculated yield to hold of 12.5% at the call date, IVR.PR.C stands out versus larger peers AGNC and NLY, compensating for IVR’s higher risk. Read the full article on Seeking Alpha
Narrative Update • Apr 27
IVR: Revised Profitability And P E Expectations Will Shape Balanced Return Potential
Analysts have trimmed their price target on Invesco Mortgage Capital to $8.50 from $9.00. They cited updated assumptions around profit margins and a lower projected future P/E multiple.Recent updates
Seeking Alpha • May 09
IVR.PR.C: 12.5% In One Year By The Invesco Mortgage Capital's Preferred Stock
Summary Invesco Mortgage Capital preferred stock IVR.PR.C trades below par, offering an appealing entry for investors with a 2027 horizon. IVR.PR.C’s fixed-to-floating structure, with a 7.5% fixed coupon until 09/27/2027, transitions to SOFR + 5.55%, enhancing upside if rates normalize. IVR’s robust hedging—96% of borrowing costs fixed at 1.66%—and improved debt-to-equity (6.1x) support preferred stock stability. With a calculated yield to hold of 12.5% at the call date, IVR.PR.C stands out versus larger peers AGNC and NLY, compensating for IVR’s higher risk. Read the full article on Seeking AlphaNarrative Update • Apr 27
IVR: Revised Profitability And P E Expectations Will Shape Balanced Return Potential
Analysts have trimmed their price target on Invesco Mortgage Capital to $8.50 from $9.00. They cited updated assumptions around profit margins and a lower projected future P/E multiple.Narrative Update • Apr 12
IVR: Fine Tuning Of Discount Assumptions Will Shape Balanced Return Outlook
Analysts have nudged their price target on Invesco Mortgage Capital down by $0.50 after revisiting assumptions around discount rates, growth, margins, and future P/E. They view the adjustment as a fine tuning rather than a major shift in the story.Narrative Update • Mar 29
IVR: Policy Support And Spread Sensitivity Will Shape Balanced Return Potential
Narrative update on Invesco Mortgage Capital Analysts have nudged their price target on Invesco Mortgage Capital higher by $0.75, citing updated fair value work with a fair value estimate of $8.50, modestly adjusted revenue growth assumptions, a slightly higher discount rate, a stronger profit margin outlook, and a largely unchanged forward P/E. They also point to potential sector tailwinds from tighter agency MBS spreads following recent policy support for mortgage backed securities.Narrative Update • Mar 13
IVR: Policy Support And Dividend Shift Will Guide Balanced Return Outlook
Analysts have lifted their price target on Invesco Mortgage Capital by $0.75, citing refreshed views on its discount rate assumptions, profit margin profile, and future P/E multiple in light of recent sector commentary on agency mortgage REITs. Analyst Commentary Recent research focuses on how sector level policy news and refreshed assumptions feed into Invesco Mortgage Capital's valuation, especially through its net asset value, discount rate inputs, and assumed P/E multiple. Bullish Takeaways Bullish analysts highlight that updated discount rate and margin assumptions support a modestly higher price target, suggesting they see the current valuation as not fully reflecting their revised earnings framework.Narrative Update • Feb 26
IVR: Policy Support And Dividend Shift Will Shape Measured Forward Return Potential
Analysts have raised their price target on Invesco Mortgage Capital by $0.75, citing updated assumptions around discount rates, profitability, and a higher future P/E multiple that they believe better reflects recent sector research and policy tailwinds for agency mortgage REITs. Analyst Commentary Bullish analysts see the recent price target increase of $0.75 for Invesco Mortgage Capital as a reflection of updated assumptions around discount rates, profitability, and a higher forward P/E multiple that they view as more aligned with current sector research and policy support for agency mortgage REITs. Recent Street commentary around agency mortgage REITs, including Invesco Mortgage Capital, also factors in the potential impact of President Trump’s directive for government sponsored enterprises to purchase up to $200b in mortgage backed securities in an effort to lower mortgage rates. Analysts point to this policy as an influential backdrop for valuation work across the group.Narrative Update • Feb 12
IVR: Sector Research And Dividend Shift Will Shape Measured, Short-Lived Upside
Analysts have raised their price target on Invesco Mortgage Capital by $0.75, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E that bring the target more in line with recent sector research on agency mortgage REITs. Analyst Commentary Recent Street research around agency mortgage REITs gives additional context for how analysts are thinking about Invesco Mortgage Capital, especially as sector assumptions for discount rates, revenue trends, profit margins, and future P/E are refreshed. Bullish Takeaways Bullish analysts highlight that sector work on agency mortgage REITs now embeds more consistent assumptions for agency mortgage backed securities spreads.Narrative Update • Jan 29
IVR: Government Support For Agency MBS Will Likely Offer Measured, Short-Lived Upside
Narrative Update: Invesco Mortgage Capital (IVR) The analyst price target for Invesco Mortgage Capital has moved higher by about $0.75 to roughly $8.67, as analysts point to updated fair value assumptions and sector readthroughs from agency mortgage backed securities research as support for the new view. Analyst Commentary Recent research on Invesco Mortgage Capital focuses on how agency mortgage backed securities moves and policy headlines could affect book value and, by extension, valuation.Narrative Update • Jan 14
IVR: Government MBS Buying Plan Will Likely Offer Only Temporary Support
Narrative Update on Invesco Mortgage Capital The analyst price target for Invesco Mortgage Capital has been raised from US$7.83 to US$8.25. Analysts attribute this change to updated assumptions for fair value, discount rate, growth and future P/E, as well as insights drawn from broader agency mortgage REIT commentary related to recent government-supported mortgage-backed securities buying plans.
New Narrative • Mar 02
Redemption Of Preferred Stock And Focus On Agency RMBS Will Boost Future Earnings
Improved capital structure and increased allocation to Agency RMBS could enhance net margins and boost future revenue and earnings.Seeking Alpha • Jan 05
High Yield Keeps Invesco Mortgage Capital Attractive
Summary Invesco Mortgage Capital (IVR) remains a Buy due to its attractive yield, despite a slower Fed rate cut schedule. Q3 2024 saw a slight book value increase and stable dividends, supported by favorable rate cuts which reduce interest expense. Future outlook suggests slower book value growth due to higher Treasury Yields and a slower pace of rate cuts, impacting portfolio valuations. IVR therefore remains a better income investment than vehicle for capital gains. Read the full article on Seeking AlphaSeeking Alpha • Sep 24
Invesco Mortgage Capital: Probably Not Worth The Risk
Summary I believe Invesco Mortgage Capital Inc. faces significant risks from rising prepayment rates and spread risk, which could devalue its MBS portfolio and impact returns. Lower liquidity at the liability level can occur if U.S. economic variables don't improve. Moreover, I anticipate higher credit risk in 2025, which might add to funding uncertainty and refinancing. Regression analysis illustrates the mREIT's potential in a stable market environment. However, I don't think a stable market outlook is warranted. Given these headwinds, I remain cautious of Invesco Mortgage Capital despite its attractive dividend yield. Read the full article on Seeking AlphaSeeking Alpha • Sep 13
18% Yield Might Even Grow: Invesco Mortgage Capital
Summary Invesco Mortgage Capital (IVR) primarily invests in Agency RMBS and employs leverage to enhance yields, making it sensitive to interest rate fluctuations. IVR's dividend history shows significant cuts due to margin calls and liquidity issues, particularly during the COVID-19 pandemic. Despite recent GAAP losses, IVR's earnings available for distribution suggest a potential future dividend increase as unrealized losses diminish. The main risk for IVR remains margin calls, which can lead to magnified losses in a leveraged portfolio during unexpected market disruptions. Read the full article on Seeking AlphaSeeking Alpha • Jun 26
Invesco Mortgage's Performance For Q1 2024
Summary This earnings assessment article reviews IVR’s BV and core earnings/EAD performance during Q1 2024 and compares results to my expectations. Earnings remain a key driver of stock performance. IVR’s BV modestly outperformed my/our expectations (near top end of range; minor increase) while its core earnings/EAD was a modest-notable underperformance (modest decrease). IVR’s minor quarterly BV increase basically matched the company’s agency mREIT sub-sector peers, but its quarterly core earnings/EAD decline was more severe. Read the full article on Seeking AlphaSeeking Alpha • May 27
Invesco Mortgage Capital: An Interesting Play In The mREIT Sector That Yields 17.5%
Summary Invesco Mortgage Capital is a small mortgage Real Estate Investment Trust that primarily invests in residential and commercial mortgage-backed securities. The trust has been negatively impacted by the current market environment, with higher short-term rates and lower asset yields leading to lower business margins. However, there are expectations for the Federal Reserve to start cutting the Federal Funds target rate in the second half of 2024, which could be a positive tailwind for agency MBS and the trust's income. Read the full article on Seeking AlphaSeeking Alpha • Apr 26
Invesco Mortgage Capital: Buy This 18% Yielding REIT While It's Still On Sale
Summary The real estate market expected to rebound from 2023 levels due to stable and potentially lower interest rates. Many REITs have announced dividend increases in Q1, indicating a rebound in the sector. Invesco Mortgage Capital offers a high yield of 18+% and may be a good value investment before the market rebounds. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Invesco Mortgage Capital To Benefit From Fed Shift
Summary Invesco Mortgage Capital has faced challenges in the mortgage-backed securities market, but with the Fed expected to cut rates, the firm's prospects are improving. IVR primarily invests in agency MBS with low credit risk but faces risks from interest rates, prepayments, and spreads. The company has adjusted its portfolio and leverage and is expected to benefit from a shift to falling rates and improved spreads in the mortgage REIT space. Read the full article on Seeking AlphaSeeking Alpha • Oct 19
Invesco Mortgage Capital: Strong Bearish Trend Shows No Sign Of A Reversal
Summary Invesco Mortgage Capital shares have been on a downward trend, losing about 50% and trading at a new 52-week low. The company's low net interest and declining book value make it an unfavorable investment choice. IVR's dividend history is characterized by declining dividends and a poor payout ratio, making it an unsustainable investment. Given the strong bearish trajectory as shown by my technical analysis, I rate the stock a sell. Read the full article on Seeking AlphaSeeking Alpha • Aug 04
Invesco Mortgage Capital: Good For Trading, But Horrific Investment
Summary Invesco Mortgage Capital Inc. stock has consistently declined and does not work as an investment. The company has cut its dividend multiple times and is facing challenges in the volatile interest rate environment. Book value has fallen and the stock is currently near fair value, but it may get cheaper and should be avoided. As an investment this is not working, but traders can do well. Read the full article on Seeking AlphaSeeking Alpha • Jul 10
Invesco Mortgage Capital Simply Doesn't Work
Summary Invesco Mortgage Capital, an mREIT with a 14% yield, has seen its stock drop 94% since its inception in 2009, making it a yield trap for investors. Government-backed mortgages aren't immune to drops in value and being overleveraged in them doesn't help either. Even if you ignore the poor stock performance, dividends have also been shrinking at a rapid rate, now paying a fraction of what it was paying a few years ago. Read the full article on Seeking AlphaShareholder Returns
| IVR | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -2.1% | -0.2% | 1.1% |
| 1Y | 7.1% | 1.2% | 28.7% |
Return vs Industry: IVR exceeded the US Mortgage REITs industry which returned 1.2% over the past year.
Return vs Market: IVR underperformed the US Market which returned 28.7% over the past year.
Price Volatility
| IVR volatility | |
|---|---|
| IVR Average Weekly Movement | 3.6% |
| Mortgage REITs Industry Average Movement | 3.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: IVR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: IVR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | n/a | Kevin Collins | www.invescomortgagecapital.com |
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. The company invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by the United States (U.S.) government agency or federally chartered corporation; RMBS and CMBS that are not issued or guaranteed by the U.S. government agency or federally chartered corporation; the U.S. treasury securities; real estate-related financing arrangements; to-be-announced securities forward contracts to purchase RMBS; and commercial mortgage loans. It has elected to be taxed as a REIT and would be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
Invesco Mortgage Capital Inc. Fundamentals Summary
| IVR fundamental statistics | |
|---|---|
| Market cap | US$730.52m |
| Earnings (TTM) | US$48.76m |
| Revenue (TTM) | US$80.53m |
15.0x
P/E Ratio9.1x
P/S RatioIs IVR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IVR income statement (TTM) | |
|---|---|
| Revenue | US$80.53m |
| Cost of Revenue | US$0 |
| Gross Profit | US$80.53m |
| Other Expenses | US$31.76m |
| Earnings | US$48.76m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.53 |
| Gross Margin | 100.00% |
| Net Profit Margin | 60.55% |
| Debt/Equity Ratio | 612.5% |
How did IVR perform over the long term?
See historical performance and comparisonDividends
18.3%
Current Dividend Yield206%
Payout RatioDoes IVR pay a reliable dividends?
See IVR dividend history and benchmarks| Invesco Mortgage Capital dividend dates | |
|---|---|
| Ex Dividend Date | May 26 2026 |
| Dividend Pay Date | Jun 12 2026 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 18 days |
Does IVR pay a reliable dividends?
See IVR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 10:18 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Invesco Mortgage Capital Inc. is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark DeVries | Barclays |
| Derek Hewett | BofA Global Research |
| Jason Stewart | Brean Capital Historical (Janney Montgomery) |