Nisa Investment Advisors LLC Holds Stake in Capstead Mortgage Corporation (NYSE:CMO)
Nisa Investment Advisors LLC continued to hold its position in Capstead Mortgage Corporation (NYSE:CMO) during the second quarter, Holdings Channel reports. The fund owned 58,000 shares of the real estate investment trust’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Capstead Mortgage Corporation were worth $605,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Capstead Mortgage Corporation by 52,762.5% in the first quarter. BlackRock Inc. now owns 14,213,149 shares of the real estate investment trust’s stock valued at $149,808,000 after buying an additional 14,186,262 shares in the last quarter. Norges Bank bought a new stake in Capstead Mortgage Corporation during the fourth quarter valued at $10,961,000. Bank of New York Mellon Corp raised its stake in Capstead Mortgage Corporation by 78.1% in the first quarter. Bank of New York Mellon Corp now owns 2,037,955 shares of the real estate investment trust’s stock valued at $21,481,000 after buying an additional 893,562 shares in the last quarter. First Trust Advisors LP raised its stake in 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in Capstead Mortgage Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 8,791,948 shares of the real estate investment trust’s stock valued at $92,667,000 after buying an additional 531,000 shares in the last quarter. Hedge funds and other institutional investors own 71.24% of the company’s stock.
Capstead Mortgage Corporation (CMO) traded up 0.62% during mid-day trading on Wednesday, hitting $9.79. 200,614 shares of the stock traded hands. The company has a 50-day moving average of $10.37 and a 200 day moving average of $10.56. Capstead Mortgage Corporation has a 1-year low of $8.93 and a 1-year high of $11.41. The firm has a market capitalization of $940.46 million, a P/E ratio of 16.05 and a beta of 0.36.
Capstead Mortgage Corporation (NYSE:CMO) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $56.34 million for the quarter, compared to the consensus estimate of $26.13 million. Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. During the same quarter in the prior year, the company earned $0.19 EPS. On average, equities research analysts anticipate that Capstead Mortgage Corporation will post $0.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors 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 dividend on an annualized basis and a dividend yield of 8.63%. Capstead Mortgage Corporation’s dividend payout ratio is presently 137.70%.
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Several research firms have recently weighed in on CMO. BidaskClub lowered shares of Capstead Mortgage Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 price objective on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Capstead Mortgage Corporation has an average rating of “Hold” and a consensus 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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