First Heartland Consultants Inc. reduced its stake in shares of Capstead Mortgage Corporation (NYSE:CMO) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,796 shares of the real estate investment trust’s stock after selling 725 shares during the period. First Heartland Consultants Inc.’s holdings in Capstead Mortgage Corporation were worth $311,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CMO. First Trust Advisors LP increased its position in shares of Capstead Mortgage Corporation by 441.6% in the first quarter. First Trust Advisors LP now owns 976,052 shares of the real estate investment trust’s stock valued at $10,288,000 after buying an additional 795,842 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Capstead Mortgage Corporation by 11.5% in the fourth quarter. AQR Capital Management LLC now owns 170,717 shares of the real estate investment trust’s stock valued at $1,740,000 after buying an additional 17,624 shares during the last quarter. KCG Holdings Inc. increased its position in shares of Capstead Mortgage Corporation by 185.0% in the first quarter. KCG Holdings Inc. now owns 43,853 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 28,465 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Capstead Mortgage Corporation by 4.8% in the first quarter. California Public Employees Retirement System now owns 376,200 shares of the real estate investment trust’s stock valued at $3,965,000 after buying an additional 17,200 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Capstead Mortgage Corporation during the fourth quarter valued at about $10,961,000. Hedge funds and other institutional investors own 71.24% of the company’s stock.
Shares of Capstead Mortgage Corporation (CMO) opened at 9.66 on Friday. The company’s 50 day moving average price is $10.18 and its 200-day moving average price is $10.52. The firm has a market capitalization of $928.36 million, a PE ratio of 15.84 and a beta of 0.36. Capstead Mortgage Corporation has a 52 week low of $8.93 and a 52 week high of $11.41.
Capstead Mortgage Corporation (NYSE:CMO) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The company had revenue of $56.34 million for the quarter, compared to the consensus estimate of $26.13 million. Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities research analysts expect that Capstead Mortgage Corporation will post $0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 8.70%. Capstead Mortgage Corporation’s payout ratio is currently 137.70%.
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Several equities analysts have issued reports on CMO shares. Zacks Investment Research downgraded Capstead Mortgage Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. BidaskClub raised Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 target price on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.00.
Capstead Mortgage Corporation Company Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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