Shell Asset Management Co. boosted its holdings in Capstead Mortgage Corporation (NYSE:CMO) by 34.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,504 shares of the real estate investment trust’s stock after buying an additional 43,585 shares during the quarter. Shell Asset Management Co. owned 0.18% of Capstead Mortgage Corporation worth $2,087,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HRT Financial LLC bought a new position in shares of Capstead Mortgage Corporation during the 2nd quarter valued at approximately $113,000. Everence Capital Management Inc. bought a new position in Capstead Mortgage Corporation in the 2nd quarter worth approximately $131,000. Honkamp Krueger Financial Services Inc. boosted its stake 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 purchasing an additional 71 shares during the period. Martingale Asset Management L P bought a new position in Capstead Mortgage Corporation in the 2nd quarter worth approximately $133,000. Finally, Amalgamated Bank boosted its stake in Capstead Mortgage Corporation by 1.1% in the 2nd quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 139 shares during the period. 71.88% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded Capstead Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. 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 a consensus price target of $11.00.
Capstead Mortgage Corporation (NYSE:CMO) traded down $0.03 during trading hours on Friday, reaching $8.74. The company had a trading volume of 502,400 shares, compared to its average volume of 679,623. The company has a quick ratio of 13.31, a current ratio of 15.28 and a debt-to-equity ratio of 12.29. Capstead Mortgage Corporation has a one year low of $8.52 and a one year high of $11.41. The stock has a market cap of $842.84, a price-to-earnings ratio of 14.38 and a beta of 0.30.
Capstead Mortgage Corporation (NYSE:CMO) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Capstead Mortgage Corporation had a return on equity of 7.16% and a net margin of 34.00%. The business had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter in the previous year, the business earned $0.13 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a 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%.
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Capstead Mortgage Corporation 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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