(IVR) Mortgage Capital - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US46131B7047
Stock: RMBS, CMBS, Agency, Non-Agency, Treasury
Total Rating 51
Risk 79
Buy Signal 0.77
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 19.87% |
| Yield on Cost 5y | 9.07% |
| Yield CAGR 5y | 40.91% |
| Payout Consistency | 84.4% |
| Payout Ratio | 84.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.7% |
| Relative Tail Risk | 0.23% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.77 |
| Alpha | 12.20 |
| Character TTM | |
|---|---|
| Beta | 0.700 |
| Beta Downside | 0.914 |
| Drawdowns 3y | |
|---|---|
| Max DD | 48.38% |
| CAGR/Max DD | 0.06 |
Description: IVR Mortgage Capital December 26, 2025
Invesco Mortgage Capital Inc. (IVR) is a U.S.-based real estate investment trust that acquires, finances, and manages a portfolio of mortgage-backed securities, including both agency-guaranteed and non-agency residential (RMBS) and commercial (CMBS) securities, as well as Treasury bonds, forward contracts, and commercial mortgage loans. The REIT elects to be taxed as a REIT, requiring it to distribute at least 90 % of taxable income to shareholders to avoid corporate income tax.
Key recent metrics: IVR’s Q3 2024 distribution rate was 8.2 % (≈ $0.86 per share), its weighted-average coupon on the mortgage-backed securities portfolio sits near 4.6 %, and net asset value (NAV) per share has trended around $10.5, reflecting pressure from rising interest rates. The primary economic driver is the Federal Reserve’s policy stance-higher rates widen the spread between mortgage yields and funding costs but also increase prepayment and credit-risk exposure, especially in the non-agency segment.
For a deeper, data-driven view of IVR’s risk-adjusted performance, you might explore the analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 101.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.23 > 1.0 |
| NWC/Revenue: -2341 % < 20% (prev -6103 %; Δ 3762 % < -1%) |
| CFO/TA 0.02 > 3% & CFO 159.1m > Net Income 101.3m |
| Net Debt (-56.0m) to EBITDA (321.5m): -0.17 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (91.9m) vs 12m ago 51.15% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 3.95% > 50% (prev 1.40%; Δ 2.55% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 321.5m / Interest Expense TTM 219.9m) |
Altman Z'' -8.04
| A: -0.87 (Total Current Assets 56.0m - Total Current Liabilities 5.68b) / Total Assets 6.48b |
| B: -0.55 (Retained Earnings -3.58b / Total Assets 6.48b) |
| C: 0.02 (EBIT TTM 104.2m / Avg Total Assets 6.08b) |
| D: -0.63 (Book Value of Equity -3.58b / Total Liabilities 5.68b) |
| Altman-Z'' Score: -8.04 = D |
What is the price of IVR shares?
As of February 08, 2026, the stock is trading at USD 8.82 with a total of 3,080,506 shares traded.
Over the past week, the price has changed by +2.68%, over one month by +5.05%, over three months by +21.00% and over the past year by +23.09%.
Over the past week, the price has changed by +2.68%, over one month by +5.05%, over three months by +21.00% and over the past year by +23.09%.
Is IVR a buy, sell or hold?
Mortgage Capital has received a consensus analysts rating of 3.17.
Therefor, it is recommend to hold IVR.
- StrongBuy: 1
- Buy: 0
- Hold: 4
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the IVR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.7 | -1.7% |
| Analysts Target Price | 8.7 | -1.7% |
| ValueRay Target Price | 11.8 | 34.1% |
IVR Fundamental Data Overview February 02, 2026
P/E Trailing = 6.5076
P/E Forward = 3.9401
P/S = 5.1459
P/B = 0.9761
P/EG = -6.09
Revenue TTM = 240.2m USD
EBIT TTM = 104.2m USD
EBITDA TTM = 321.5m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 5.62b USD (from shortTermDebt, last quarter)
Debt = 5.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -56.0m USD (from netDebt column, last quarter)
Enterprise Value = 6.18b USD (616.7m + Debt 5.62b - CCE 56.0m)
Interest Coverage Ratio = 0.47 (Ebit TTM 104.2m / Interest Expense TTM 219.9m)
EV/FCF = 38.84x (Enterprise Value 6.18b / FCF TTM 159.1m)
FCF Yield = 2.57% (FCF TTM 159.1m / Enterprise Value 6.18b)
FCF Margin = 66.25% (FCF TTM 159.1m / Revenue TTM 240.2m)
Net Margin = 42.17% (Net Income TTM 101.3m / Revenue TTM 240.2m)
Gross Margin = unknown ((Revenue TTM 240.2m - Cost of Revenue TTM 11.3m) / Revenue TTM)
Tobins Q-Ratio = 0.95 (Enterprise Value 6.18b / Total Assets 6.48b)
Interest Expense / Debt = 1.01% (Interest Expense 56.6m / Debt 5.62b)
Taxrate = 21.0% (US default 21%)
NOPAT = 82.3m (EBIT 104.2m * (1 - 21.00%))
Current Ratio = 0.01 (Total Current Assets 56.0m / Total Current Liabilities 5.68b)
Debt / Equity = 7.05 (Debt 5.62b / totalStockholderEquity, last quarter 797.5m)
Debt / EBITDA = -0.17 (Net Debt -56.0m / EBITDA 321.5m)
Debt / FCF = -0.35 (Net Debt -56.0m / FCF TTM 159.1m)
Total Stockholder Equity = 758.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.67% (Net Income 101.3m / Total Assets 6.48b)
RoE = 13.35% (Net Income TTM 101.3m / Total Stockholder Equity 758.9m)
RoCE = 13.73% (EBIT 104.2m / Capital Employed (Equity 758.9m + L.T.Debt 0.0))
RoIC = 1.29% (NOPAT 82.3m / Invested Capital 6.36b)
WACC = 1.56% (E(616.7m)/V(6.24b) * Re(8.50%) + D(5.62b)/V(6.24b) * Rd(1.01%) * (1-Tc(0.21)))
Discount Rate = 8.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.75%
[DCF Debug] Terminal Value 86.63% ; FCFF base≈156.7m ; Y1≈161.5m ; Y5≈181.8m
Fair Price DCF = 76.05 (EV 5.40b - Net Debt -56.0m = Equity 5.46b / Shares 71.8m; r=5.90% [WACC]; 5y FCF grow 3.13% → 2.90% )
EPS Correlation: -77.09 | EPS CAGR: -18.39% | SUE: -0.17 | # QB: 0
Revenue Correlation: 65.56 | Revenue CAGR: 218.2% | SUE: 1.53 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=+0.047 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=2.33 | Chg30d=+0.130 | Revisions Net=+0 | Growth EPS=-0.9% | Growth Revenue=+3.2%
EPS next Year (2027-12-31): EPS=2.32 | Chg30d=+0.141 | Revisions Net=+1 | Growth EPS=-0.5% | Growth Revenue=-2.4%
P/E Forward = 3.9401
P/S = 5.1459
P/B = 0.9761
P/EG = -6.09
Revenue TTM = 240.2m USD
EBIT TTM = 104.2m USD
EBITDA TTM = 321.5m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 5.62b USD (from shortTermDebt, last quarter)
Debt = 5.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -56.0m USD (from netDebt column, last quarter)
Enterprise Value = 6.18b USD (616.7m + Debt 5.62b - CCE 56.0m)
Interest Coverage Ratio = 0.47 (Ebit TTM 104.2m / Interest Expense TTM 219.9m)
EV/FCF = 38.84x (Enterprise Value 6.18b / FCF TTM 159.1m)
FCF Yield = 2.57% (FCF TTM 159.1m / Enterprise Value 6.18b)
FCF Margin = 66.25% (FCF TTM 159.1m / Revenue TTM 240.2m)
Net Margin = 42.17% (Net Income TTM 101.3m / Revenue TTM 240.2m)
Gross Margin = unknown ((Revenue TTM 240.2m - Cost of Revenue TTM 11.3m) / Revenue TTM)
Tobins Q-Ratio = 0.95 (Enterprise Value 6.18b / Total Assets 6.48b)
Interest Expense / Debt = 1.01% (Interest Expense 56.6m / Debt 5.62b)
Taxrate = 21.0% (US default 21%)
NOPAT = 82.3m (EBIT 104.2m * (1 - 21.00%))
Current Ratio = 0.01 (Total Current Assets 56.0m / Total Current Liabilities 5.68b)
Debt / Equity = 7.05 (Debt 5.62b / totalStockholderEquity, last quarter 797.5m)
Debt / EBITDA = -0.17 (Net Debt -56.0m / EBITDA 321.5m)
Debt / FCF = -0.35 (Net Debt -56.0m / FCF TTM 159.1m)
Total Stockholder Equity = 758.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.67% (Net Income 101.3m / Total Assets 6.48b)
RoE = 13.35% (Net Income TTM 101.3m / Total Stockholder Equity 758.9m)
RoCE = 13.73% (EBIT 104.2m / Capital Employed (Equity 758.9m + L.T.Debt 0.0))
RoIC = 1.29% (NOPAT 82.3m / Invested Capital 6.36b)
WACC = 1.56% (E(616.7m)/V(6.24b) * Re(8.50%) + D(5.62b)/V(6.24b) * Rd(1.01%) * (1-Tc(0.21)))
Discount Rate = 8.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.75%
[DCF Debug] Terminal Value 86.63% ; FCFF base≈156.7m ; Y1≈161.5m ; Y5≈181.8m
Fair Price DCF = 76.05 (EV 5.40b - Net Debt -56.0m = Equity 5.46b / Shares 71.8m; r=5.90% [WACC]; 5y FCF grow 3.13% → 2.90% )
EPS Correlation: -77.09 | EPS CAGR: -18.39% | SUE: -0.17 | # QB: 0
Revenue Correlation: 65.56 | Revenue CAGR: 218.2% | SUE: 1.53 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=+0.047 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=2.33 | Chg30d=+0.130 | Revisions Net=+0 | Growth EPS=-0.9% | Growth Revenue=+3.2%
EPS next Year (2027-12-31): EPS=2.32 | Chg30d=+0.141 | Revisions Net=+1 | Growth EPS=-0.5% | Growth Revenue=-2.4%