JJAAMMAANN
3 years ago
I've only been here for a short while, but I can see a little light at the end of the tunnel for IVR.
I think they learned a hard lesson in only investing in Commercial real Estate with the COVID pandemic. But with a relatively small Float and lots of institutional investors, I can see this going back up to at least 1/2 pre-pandemic levels in the coming months. May be longer than we want, but I can see it getting there eventually.
Good News is that they should make a big gain over last quarter, and they never cut the dividends.
Right now I am only at 1000 shares, but plan to buy more at EOY when I sell for Tax losses on a couple other tickers.
Best of Luck!
TruckingAngler
4 years ago
IVR setting up for QUADRUPLE Witching-Day this Friday 6/18...
This week 6/15 to 6/18 has so many Expirations per Calendar below...
"Quadruple Witching day is actually an investment term that was coined as the name for the specific day that stock options, index options, stock futures, and index futures all expire simultaneously. This occurs only four times a year on the third Friday in the months of March, June, September, and December. The increase in trading volume on Witching days might lead to above average volatility."
Quadruple Witching Dates 2021
March 19, 2021
June 18, 2021
September 17, 2021
December 17, 2021
TruckingAngler
4 years ago
IVR - 5/5: Borrowing up 21%...
"Invesco Mortgage Capital (NYSE:IVR) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.09 by 22.22 percent. The company reported quarterly sales of $41.67 million which beat the analyst consensus estimate of $34.79 million by 19.78 percent. This is a 58.75 percent decrease over sales of $101.01 million the same period last year."
"We are pleased to announce core earnings of $0.11 per common share for the first quarter of 2021. The increase in our core earnings was largely a result of the successful deployment of $161.0 million in proceeds from common equity capital raises during the quarter into Agency residential mortgage-backed securities ("Agency RMBS") investments, in addition to an attractive reinvestment environment in the latter half of the quarter. Our higher core earnings covered the increase in our common stock dividend to $0.09 per common share. At quarter-end, almost all of our $9.1 billion investment portfolio was invested in Agency RMBS, and we maintained a sizeable balance of unrestricted cash and unencumbered investments totaling $692.9 million."
-"Total average assets increased to $9.3 billion from $7.7 billion in the fourth quarter of 2020, and total average borrowings increased to $8.3 billion from $6.9 billion in the fourth quarter of 2020. To capitalize on the sharp increase in interest rates and lower valuations on investment opportunities during the quarter, the Company sold $5.5 billion of lower yielding Agency RMBS and purchased $7.0 billion of higher yielding Agency RMBS. Purchases were funded with proceeds from the sales, paydowns of securities and by leveraging proceeds from the issuance of common stock. During the first quarter of 2021, the Company generated $25.2 million in core earnings, an increase of $6.6 million (35.1%) over the fourth quarter of 2020. Higher core earnings were driven by a $2.8 million increase in effective net interest income and a $2.2 million increase in to-be-announced securities forward contract ("TBA") dollar roll income.
Average net interest rate margin decreased 20 basis points to 1.80% in the first quarter of 2021 primarily due to lower average earning asset yields. Average earning asset yields decreased 14 basis points to 1.72% in the first quarter of 2021 primarily due to a change in asset mix to a higher portfolio concentration in Agency securities. The Company's Agency RMBS portfolio consists of 2.0% to 3.0% coupon 30 year fixed-rate securities as of March 31, 2021. Average cost of funds was (0.08%) in the first quarter of 2021 compared to (0.14%) during the fourth quarter of 2020. The increase in average cost of funds during the first quarter was due to higher average borrowings and lower amortization of net deferred gains on de-designated interest rate swaps."
(They don't look quite as good as AG Mort, but all on the Up & UP)...
GLTA