Capstead Mortgage Corporation (NYSE:CMO) issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.07), Bloomberg Earnings reports. The firm had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $24.10 million. Capstead Mortgage Corporation had a return on equity of 7.16% and a net margin of 34.00%. During the same period in the previous year, the company earned $0.13 earnings per share.
Shares of Capstead Mortgage Corporation (NYSE CMO) traded down $0.03 during trading hours on Friday, hitting $8.74. The stock had a trading volume of 502,400 shares, compared to its average volume of 679,623. The company has a market capitalization of $842.84, a P/E ratio of 14.38 and a beta of 0.30. The company has a debt-to-equity ratio of 12.29, a quick ratio of 13.31 and a current ratio of 15.28. Capstead Mortgage Corporation has a 1 year low of $8.52 and a 1 year high of $11.41.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Thursday, September 28th. Capstead Mortgage Corporation’s payout ratio is currently 124.59%.
Separately, BidaskClub raised Capstead Mortgage Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.00.
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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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