IVR

Over the past six months (March-September 2026), Invesco Mortgage Capital, Inc. consistently declared monthly cash dividends of $0.12 per common share. Leadership changes included Kevin Collins becoming CEO and David Lyle President in April 2026, and new board appointments for Stephanie J. Larosiliere in March 2026 and Peter Graham in August 2026. The company reported its first-quarter 2026 financial results in April and second-quarter results in July, with net interest income of $30.1 million for Q2 2026 and a market capitalization of $813.3 million, representing a 56.2% year-over-year increase. In September 2026, IVR shares traded near 52-week lows at $6.52, attributed to broader pressure on agency mortgage REITs from Federal Reserve rate hikes and a flattening Treasury spread, which compresses net interest margins. The stock also trades below its 50-day and 200-day moving averages, with analyst sentiment remaining cautious, holding an overall 'Hold' rating and an average target price of $8.17, alongside some rating adjustments. As of August 31, 2026, the estimated book value per common share was $7.74, a slight decrease from the previous month, and the dividend payout ratio was high, near 97% of distributable earnings. During the first half of 2026, the company adjusted its portfolio by increasing allocation to to-be-announced securities and selling all holdings of 6.5% coupon residential mortgage-backed securities.