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Invesco Mortgage Capital Inc. (NYSE:IVR) disclosed today that Beth A. Zayicek, an executive director, has announced her resignation effective May 23, 2025. Zayicek will continue her duties on the board through the end of her current term, which concludes on May 6, 2025. She has chosen not to stand for re-election at the company’s 2025 annual stockholders meeting.
The Maryland-based real estate investment trust, which is headquartered in Atlanta, Georgia, stated that Zayicek’s departure is not due to any disagreements with the company regarding its operations, policies, or practices. The board of directors plans to appoint a new executive director to fill the vacancy following the end of Zayicek’s term.
This announcement was made in a filing with the Securities and Exchange Commission on Monday, March 24, 2025, which also confirmed that there are no disputes between Zayicek and the company. The filing did not include further details about the reasons for Zayicek’s resignation or any information regarding potential candidates for the upcoming vacancy on the board.
Invesco Mortgage Capital Inc. is listed on the New York Stock Exchange and is known for its investment portfolio that includes mortgage-backed securities and other real estate-related financing arrangements. The company’s shares are traded under the ticker symbol IVR, and it also has a series of preferred stock listed as IVR PrC. Notable for investors, the company offers an impressive 18.4% dividend yield, and InvestingPro analysis suggests the stock is currently undervalued. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
This report is based on a press release statement from the company and provides shareholders and investors with the latest developments within the company’s leadership. Analyst consensus data from InvestingPro shows price targets ranging from $8 to $10, with expectations of continued profitability this year.
In other recent news, Invesco Mortgage Capital Inc. reported disappointing financial results for the fourth quarter of 2024. The company revealed earnings per share (EPS) of $0.53, which missed the forecasted $0.71. Revenue also fell short of expectations, coming in at $13.68 million compared to the anticipated $49.45 million. These results were accompanied by a 4.8% decrease in book value per common share and an increase in the debt-to-equity ratio from 6.1x to 6.7x. Despite these challenges, Invesco Mortgage Capital has increased its allocation to agency CMBS to 15% of its investment portfolio. Analyst firms like UBS and Citizens JMP have noted the company’s strategic shift in its investment portfolio and the potential risks associated with its increased leverage. The company remains cautiously optimistic about the agency mortgage market, expecting improved demand as interest rate volatility declines. Invesco Mortgage Capital’s management has also highlighted their focus on higher coupon agency RMBS to mitigate market impacts.
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