Invesco Mortgage Capital (IVR)
Invests in agency mortgage assets through Invesco Advisers' external-management platform.
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Owns and finances mortgage-backed securities, with the current portfolio centered on agency RMBS, agency CMBS, TBAs, and agency CMO. Operates as an externally managed mortgage REIT, using Invesco Advisers' personnel while net income depends on mortgage spreads, financing access, and REIT compliance.
Invests in mortgage-backed securities and other mortgage-related assets, with current exposures concentrated in agency RMBS, agency CMBS, TBAs, and agency CMO. The portfolio is centered in the U.S. mortgage market rather than an operating customer footprint.
Runs through IAS Operating Partnership and an external manager, Invesco Advisers. The manager supplies the officers and support personnel, so execution depends on asset selection, financing, hedging, and portfolio rotation rather than direct employee scale.
Earns net income from spreads between mortgage assets and borrowing costs. The model depends on financing access, agency MBS market liquidity, REIT tax compliance, and maintaining an Investment Company Act exemption.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | UBS | Reiterate | Rating: —Target: $8 | Target: $7.75 |
| Dec 15, 2025 | Compass Point | Target | Target: — | Target: $9 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $73.4M · Total debt $6.21B · Total assets $7.24B · Shareholders' equity $990.3M
- Revenue
- $64.2M
- Operating income
- $90.3M
- Net income
- $35.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 46.53% | 43.19M shares | |
|---|---|---|---|
| 191 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.29% | 265.0K shares | |
| 9 holders · as of Aug 18, 2026 | |||
| Other | ≈ 53.18% | 49.37M shares | |
| remainder | |||
92.82M company shares as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (107.64M in the company's Sep 22, 2026 report, 92.82M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.49% | 8.81M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.30% | 3.99M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.57% | 3.31M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 2.61% | 2.42M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.56% | 2.38M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 5, 2026 | Mark William Gregson | officer: Chief Financial Officer | +1,750 | $8.03 |
| Feb 27, 2026 | Robert Waldner | director | +1,000 | $8.45 |
| Nov 10, 2025 | Robert L. Fleshman | director | −2,000 | $24.72 |
- AGNC
Pure-play Agency MBS peer with large repo-funded scale
- Annaly Capital Management
Scaled mortgage-finance peer across Agency MBS, credit, and MSR
- ARMOUR Residential REIT
Agency securities peer using leveraged RMBS and TBA exposure
- Dynex Capital
Agency RMBS and CMBS peer with active TBA and hedge exposure
- Orchid Island Capital
Leveraged Agency RMBS specialist with pass-through and structured books
- Cherry Hill Mortgage Investment
Small residential mortgage REIT with Agency RMBS and MSR overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Invesco Mortgage Capital | $6.65 | +2.07% | $604.3M | 4.1 | 3.7 | 1.9 | −43.7% |
| AGNC | $10.07 | +0.96% | $11.44B | 5.1 | 6.6 | 3.7 | — |
| Annaly Capital Management | $21.50 | +0.89% | $16.06B | 5.3 | 6.9 | 2.2 | −50.1% |
| ARMOUR Residential REIT | $14.99 | +1.46% | $1.72B | 4.0 | 5.2 | 1.7 | −41.6% |
| Dynex Capital | $12.15 | +0.62% | $2.99B | 4.6 | 7.7 | 3.4 | — |
| Orchid Island Capital | $6.14 | +0.90% | $1.05B | 4.1 | 5.6 | 2.0 | −28.9% |
| Cherry Hill Mortgage Investment | $2.87 | +0.70% | $104.7M | 16.1 | 5.2 | 1.3 | −79.6% |
| Median | 4.8 | 6.1 | 2.1 | −45.8% |