Added to YB: 2020-04-04
Pitch date: 2020-04-04
IVR [bullish]
Invesco Mortgage Capital Inc.
+4.3%
current return
Author Info
No bio for this author
Company Info
Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States.
Market Cap
$539.9M
Pitch Price
$7.83
Price Target
N/A
Dividend
17.87%
EV/EBITDA
N/A
P/E
14.21
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
special_situation
Invesco Mortgage Capital Inc. (IVR)
IVR pfd: $4.70 (~19% of $25 par). Mortgage REITs struggling but IVR (74% Agency RMBS) may survive. Margin calls on credit book, but ~$1.1B proforma Agency book alone could cover $583M pfd 4x+ in liquidation. Going concern case also viable. High risk/reward with potential path to par.
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