Pinebridge Investments L.P. Has $1.61 Million Position in Capstead Mortgage Corporation (CMO)
Pinebridge Investments L.P. trimmed its position in Capstead Mortgage Corporation (NYSE:CMO) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,245 shares of the real estate investment trust’s stock after selling 5,634 shares during the quarter. Pinebridge Investments L.P. owned about 0.16% of Capstead Mortgage Corporation worth $1,609,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CMO. HRT Financial LLC purchased a new stake in Capstead Mortgage Corporation in the 2nd quarter worth approximately $113,000. Stevens Capital Management LP purchased a new stake in Capstead Mortgage Corporation in the 1st quarter worth approximately $117,000. Everence Capital Management Inc. purchased a new stake in Capstead Mortgage Corporation in the 2nd quarter worth approximately $131,000. Honkamp Krueger Financial Services Inc. increased its holdings in 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 in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Capstead Mortgage Corporation in the 2nd quarter worth approximately $133,000. 72.57% of the stock is owned by institutional investors.
CMO has been the subject of several analyst reports. BidaskClub raised shares of Capstead Mortgage Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 target price on shares of Capstead Mortgage Corporation in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.00.
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Shares of Capstead Mortgage Corporation (NYSE:CMO) opened at 9.67 on Monday. Capstead Mortgage Corporation has a 12-month low of $8.93 and a 12-month high of $11.41. The stock has a market capitalization of $929.33 million, a price-to-earnings ratio of 15.85 and a beta of 0.36. The company has a 50-day moving average of $9.64 and a 200 day moving average of $10.33.
Capstead Mortgage Corporation (NYSE:CMO) last announced its quarterly earnings results 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). Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. The company had revenue of $56.34 million during the quarter, compared to analyst estimates of $26.13 million. During the same period in the previous year, the firm posted $0.19 earnings per share. Analysts predict that Capstead Mortgage Corporation will post $0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Thursday, September 28th. Capstead Mortgage Corporation’s payout ratio is presently 137.70%.
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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