Invesco Mortgage Capital Inc. (IVR)
Real Estate · NYQ
Fundamentals
Valuation and ratings
Invesco Mortgage Capital Inc. trades at USD7.90, close to the USD8.14 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 52 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
IVR dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.720 | 6 |
| 2025 | USD1.38 | 4 |
| 2024 | USD1.60 | 4 |
| 2023 | USD2.25 | 5 |
| 2022 | USD3.35 | 4 |
| 2021 | USD3.50 | 4 |
| 2020 | USD1.20 | 3 |
| 2019 | USD18.50 | 4 |
| 2018 | USD16.80 | 4 |
| 2017 | USD16.30 | 4 |
| 2016 | USD16.00 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
IVR earnings and analyst estimates
Recommendation mix, 6 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Invesco Mortgage Capital Inc.
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. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.
IVR passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$17.89M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$8.61M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$5.47M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$3.82M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$2.73M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Invesco Mortgage Capital Inc. (IVR) undervalued?
Against our discounted cash flow estimate of USD8.14, IVR at USD7.90 is 3% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own IVR?
8 of the institutions we track reported a position in IVR in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is IVR's P/E ratio?
IVR trades at 10.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Invesco Mortgage Capital Inc. (IVR) pay a dividend?
Yes. Invesco Mortgage Capital Inc. yields 17.58% at the current share price. It has paid USD1.42 per share over the trailing twelve months. It has paid a dividend in each of the last 17 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does IVR report earnings next?
Invesco Mortgage Capital Inc. is scheduled to report on 23 Jul 2026. Companies move earnings dates, so read it as scheduled rather than certain.
The full research page for IVR, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.