Invesco Mortgage Capital Inc. (IVR) AI Stock Analysis

Invesco Mortgage Capital Inc. is a real estate investment trust specializing in the investment, financing, and management of mortgage-backed securities and other real estate-related assets. Its primary focus is on agency residential mortgage-backed securities and commercial mortgage-backed securities guaranteed by U.S. government agencies or federally chartered corporations, alongside non-guaranteed securities. It also invests in credit risk transfer securities issued by government-sponsored enterprises and residential and commercial mortgage loans. Headquartered in Atlanta, Georgia, the company operates under the REIT structure, requiring it to distribute at least 90% of taxable income to shareholders as dividends.

Revenue reached $339.7M in FY2025, representing 3.2% annual growth following $329.3M in FY2024. In earlier years, annual revenue shifted from $50.3M in FY2021 down to -$437.5M in FY2022, before recovering to $189.8M in FY2023. Operating margin improved to 29.8% in FY2025 from 18.2% in FY2024. Net income totaled $101.3M in FY2025 with diluted EPS of $2.36, compared to $59.9M and $2.93 in FY2024. Over the trailing twelve months ending June 30, 2026, revenue stood at $139.4M with EPS of $1.55. For the latest quarter, quarterly revenue grew 557.7% year-over-year, while quarterly earnings grew 18.0%.

As of June 30, 2026, the company held $73.4M in cash and short-term investments against $6.21B in total debt, resulting in net debt of $6.14B. Total assets stood at $7.24B, while shareholders' equity was $990.3M. This financial structure translates to a debt-to-equity ratio of 6.27 and a current ratio of 0.05. In FY2025, operating cash flow and free cash flow both equaled $157.1M. Capital allocation in FY2025 included $106.9M in dividends paid and $8.5M in share buybacks.

At a share price of $5.53 on October 16, 2026, IVR had a market cap of $602.8M and an enterprise value of $6.88B. IVR trades at a trailing P/E of 3.6x and a forward P/E of 3.8x, compared to medians of 21.6x and 23.5x for its US-listed Real Estate peers. Its price-to-book ratio is 0.9x and EV-to-revenue is 6.2x. Over the past year, the stock declined 7.9% while the S&P 500 gained 16.8%. Over five years, IVR fell 57.9% compared to an 83.0% gain for the index.

IVR pays a monthly dividend with a forward annual dividend of $1.44 per share, translating to a dividend yield of 26.04%. The company has paid consecutive dividends for 18 years, and its payout ratio is 35.3%. Over the past five years, the dividend contracted at an annualized rate of 4.1%. Its last ex-dividend date was October 26, 2026.

Wall Street coverage includes 6 analysts, consisting of 1 Strong Buy, 4 Holds, and 1 Sell. The mean price target is $8.17, representing a 47.7% premium over the closing price of $5.53 on October 16, 2026. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $225.7M and EPS of $1.93, a decline of 17.8%. IVR has beaten EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for October 29, 2026.

This page is an AI-written research summary of Invesco Mortgage Capital Inc. (IVR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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