Bank of America Corp DE increased its position in Capstead Mortgage Corporation (NYSE:CMO) by 124.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 244,197 shares of the real estate investment trust’s stock after buying an additional 135,414 shares during the period. Bank of America Corp DE’s holdings in Capstead Mortgage Corporation were worth $2,575,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Capstead Mortgage Corporation by 7.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 620,290 shares of the real estate investment trust’s stock worth $6,538,000 after buying an additional 42,058 shares in the last quarter. KCG Holdings Inc. boosted 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 worth $462,000 after buying an additional 28,465 shares in the last quarter. BlackRock Inc. boosted its position in shares of 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 worth $149,808,000 after buying an additional 14,186,262 shares in the last quarter. First Heartland Consultants Inc. boosted its position in shares of Capstead Mortgage Corporation by 33.2% in the first quarter. First Heartland Consultants Inc. now owns 30,521 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 7,600 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Capstead Mortgage Corporation by 33.2% in the first quarter. UBS Group AG now owns 2,123,762 shares of the real estate investment trust’s stock worth $22,384,000 after buying an additional 529,181 shares in the last quarter. 71.24% of the stock is currently owned by institutional investors.

Capstead Mortgage Corporation (NYSE:CMO) traded down 0.72% during midday trading on Thursday, reaching $9.69. The company’s stock had a trading volume of 131,383 shares. Capstead Mortgage Corporation has a one year low of $8.93 and a one year high of $11.41. The stock’s 50 day moving average price is $10.26 and its 200-day moving average price is $10.53. The stock has a market cap of $931.25 million, a price-to-earnings ratio of 15.89 and a beta of 0.36.

Capstead Mortgage Corporation (NYSE:CMO) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $56.34 million during the quarter, compared to analyst estimates 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 previous year, the company posted $0.19 EPS. On average, analysts forecast that Capstead Mortgage Corporation will post $0.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a $0.21 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 8.61%. Capstead Mortgage Corporation’s payout ratio is 137.70%.

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A number of equities analysts recently commented on the company. BidaskClub cut Capstead Mortgage Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research raised Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 target price on shares of Capstead Mortgage Corporation in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Capstead Mortgage Corporation presently has an average rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Capstead Mortgage Corporation (NYSE:CMO)

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