Comerica Bank Reduces Holdings in Capstead Mortgage Corporation (CMO)
Comerica Bank trimmed its holdings in shares of Capstead Mortgage Corporation (NYSE:CMO) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,321 shares of the real estate investment trust’s stock after selling 5,658 shares during the period. Comerica Bank owned 0.10% of Capstead Mortgage Corporation worth $1,019,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CMO. Elkfork Partners LLC acquired a new stake in shares of Capstead Mortgage Corporation in the 1st quarter worth about $105,000. Stevens Capital Management LP acquired a new stake in shares of Capstead Mortgage Corporation in the 1st quarter worth about $117,000. Honkamp Krueger Financial Services Inc. increased its holdings in shares of Capstead Mortgage Corporation by 0.6% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 12,621 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 71 shares during the period. ProShare Advisors LLC increased its holdings in shares of Capstead Mortgage Corporation by 282.3% in the 1st quarter. ProShare Advisors LLC now owns 66,830 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 49,349 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Capstead Mortgage Corporation in the 1st quarter worth about $151,000. 72.57% of the stock is currently owned by institutional investors.
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Shares of Capstead Mortgage Corporation (NYSE:CMO) opened at 9.54 on Tuesday. The company has a 50 day moving average of $9.65 and a 200-day moving average of $10.34. Capstead Mortgage Corporation has a 12-month low of $8.93 and a 12-month high of $11.41. The firm has a market cap of $916.83 million, a PE ratio of 15.64 and a beta of 0.36.
Capstead Mortgage Corporation (NYSE:CMO) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 35.05% and a return on equity of 7.31%. During the same period in the previous year, the business posted $0.19 earnings per share. Equities research analysts forecast that Capstead Mortgage Corporation will post $0.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.97%. Capstead Mortgage Corporation’s payout ratio is presently 137.70%.
A number of analysts recently weighed in on CMO shares. BidaskClub raised shares of Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Capstead Mortgage Corporation in a report on Tuesday, May 30th. Finally, Zacks Investment Research raised shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently 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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