Shares of Invesco Mortgage Capital Inc. (IVR) rose 0.11% to $8.91 in intraday trading on Friday. The move followed the release of fourth-quarter results which showed a rise in book value despite lower-than-expected earnings. The stock is currently trading within a 52-week range of $5.85 to $9.50, showing a recovery from mid-year lows.
Company Description
Invesco Mortgage Capital Inc. (IVR) is a real estate investment trust (REIT) that focuses on financing and managing residential and commercial mortgage-backed securities (MBS) and other mortgage-related assets. Its portfolio primarily consists of Agency RMBS, which are guaranteed by a U.S. government agency or a federally chartered corporation.
Current Stock Price
$8.91
Market Capitalization
Approximately $516 million
Valuation
IVR trades at a price-to-book (P/B) ratio of 1.02x based on its reported fourth-quarter book value of $8.72 per share. This indicates the stock is trading essentially at par with its net asset value, reflecting a market that is pricing in stabilizing interest rate volatility.