Arizona State Retirement System boosted its holdings in shares of Capstead Mortgage Co. (NYSE:CMO) by 223.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,527 shares of the real estate investment trust’s stock after purchasing an additional 111,664 shares during the period. Arizona State Retirement System owned about 0.17% of Capstead Mortgage worth $1,397,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Capstead Mortgage by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 69,684 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 425 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Capstead Mortgage by 1.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 647,193 shares of the real estate investment trust’s stock worth $6,246,000 after purchasing an additional 6,881 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Capstead Mortgage by 29.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,700 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 7,600 shares during the period. Van ECK Associates Corp lifted its stake in Capstead Mortgage by 2.0% during the third quarter. Van ECK Associates Corp now owns 427,728 shares of the real estate investment trust’s stock worth $4,128,000 after purchasing an additional 8,264 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Capstead Mortgage by 34.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 52,700 shares of the real estate investment trust’s stock worth $509,000 after purchasing an additional 13,360 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.
Shares of NYSE:CMO traded up $0.02 during trading on Friday, reaching $8.70. The stock had a trading volume of 810,242 shares, compared to its average volume of 669,326. Capstead Mortgage Co. has a 52 week low of $8.17 and a 52 week high of $11.41. The company has a current ratio of 12.11, a quick ratio of 12.11 and a debt-to-equity ratio of 12.58. The stock has a market capitalization of $812.01, a P/E ratio of 13.56 and a beta of 0.09.
Capstead Mortgage (NYSE:CMO) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Capstead Mortgage had a net margin of 34.10% and a return on equity of 7.56%. The company had revenue of $22.70 million during the quarter, compared to analysts’ expectations of $24.55 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Capstead Mortgage’s quarterly revenue was up 8.6% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, March 28th.
A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Capstead Mortgage from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $9.50 target price on shares of Capstead Mortgage in a research note on Friday, February 2nd.
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Capstead Mortgage 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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