IVR News and Press, INVESCO MORTGAGE CAPITAL INC From 12/08/22

Summary The yield curve is severely inverted. The time to cut rates is coming. Many people still think inflation is running hot, but monthly increases are mostly driven by a few popular items. When we look into those items, we see huge temporary problems in the supply chain. Kee...

Summary Carnage in mortgage backed securities values has crushed mortgage REITs. Book value has been devastated and earnings have fallen off a cliff, creating the need for yet another dividend cut. The rate hike cycle is nearly complete, and we suspect the bottom in this sector will...

Summary Mortgage REITs - which were left for dead amid a historically brutal year across fixed-income markets - have rebounded in recent weeks as earnings results were not as catastrophic as feared. Mortgage REITs are now outperforming Equity REITs for the year, and we continue to...

Summary Huge rally in the sector today as rates plunged. CPI readings are still a poor metric for monetary policy. We’re seeing some deflation recently rather than inflation. Using the wrong metrics to evaluate policy and generate headlines leads investors to think infl...

Summary Following our prior article on the dramatic market failure between similar shares, the gap closed 6% in a week. In one case, that eliminated the problem with valuation. However, one share still has further to outperform. We're sharing some of our subscriber research on...

Summary We have recently rotated to NLY.PG from NLY.PF to take advantage of a delayed market reaction in responding to preferreds that switch to a variable-rate coupon. NLY.PF has gotten bid up to a very expensive level and we expect NLY.PG to outperform in the medium term as its ...

Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...

Summary One of our picks today has about 40% upside to our recent targets in addition to a 12% yield. Rallying 40% would not even push the share price above book value. It would still have a modest discount. While share prices are down over 20% year-to-date, book value is actu...

Invesco Mortgage Capital, Inc. (IVR) Q3 2022 Earnings Conference Call November 03, 2022, 09:00 ET Company Participants Matthew Seitz - IR John Anzalone - CEO Brian Norris - CIO Conference Call Participants Douglas Harter - Crédit Suisse Trevo...

The following slide deck was published by Invesco Mortgage Capital Inc. in conjunction with their 2022 Q3 earnings call. For further details see: Invesco Mortgage Capital Inc. 2022 Q3 - Results - Earnings Call Presentation