Capstead Mortgage Corporation (CMO) Stake Maintained by Fmr LLC
Fmr LLC continued to hold its position in shares of Capstead Mortgage Corporation (NYSE:CMO) during the first quarter, Holdings Channel reports. The institutional investor owned 35,000 shares of the real estate investment trust’s stock at the end of the first quarter. Fmr LLC’s holdings in Capstead Mortgage Corporation were worth $369,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in CMO. Norges Bank purchased a new position in Capstead Mortgage Corporation during the fourth quarter worth $10,961,000. Teachers Advisors LLC increased its position in Capstead Mortgage Corporation by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 164,217 shares of the real estate investment trust’s stock worth $1,673,000 after buying an additional 6,571 shares during the period. Louisiana State Employees Retirement System increased its position in Capstead Mortgage Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 39,100 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue increased its position in Capstead Mortgage Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 10,590 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 200 shares during the period. Finally, Nationwide Fund Advisors increased its position in Capstead Mortgage Corporation by 0.4% in the first quarter. Nationwide Fund Advisors now owns 371,747 shares of the real estate investment trust’s stock worth $3,918,000 after buying an additional 1,513 shares during the period. 71.24% of the stock is currently owned by institutional investors.
Capstead Mortgage Corporation (NYSE:CMO) opened at 9.7114 on Wednesday. The company’s 50-day moving average price is $10.37 and its 200-day moving average price is $10.56. The firm has a market capitalization of $932.91 million, a P/E ratio of 15.9203 and a beta of 0.36. Capstead Mortgage Corporation has a 1-year low of $8.93 and a 1-year high of $11.41.
Capstead Mortgage Corporation (NYSE:CMO) last released 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. Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. The business had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $26.13 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Equities research analysts expect that Capstead Mortgage Corporation will post $0.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Friday, June 30th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.84 annualized dividend and a dividend yield of 8.63%. Capstead Mortgage Corporation’s payout ratio is 137.70%.
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A number of research analysts recently weighed in on the company. BidaskClub raised Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research downgraded Capstead Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 price target on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.
About Capstead Mortgage Corporation
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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