According to Zacks, “Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead’s core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk. “
Separately, Keefe, Bruyette & Woods set a $9.50 price target on shares of Capstead Mortgage Corp. and gave the company a market perform rating in a report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.75.
Capstead Mortgage Corp. (NYSE:CMO) opened at 8.98 on Tuesday. The firm has a 50-day moving average of $9.79 and a 200-day moving average of $9.83. The firm has a market capitalization of $861.97 million, a price-to-earnings ratio of 10.44 and a beta of 0.36. Capstead Mortgage Corp. has a 1-year low of $7.48 and a 1-year high of $10.54.
Capstead Mortgage Corp. (NYSE:CMO) last released its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. Capstead Mortgage Corp. had a net margin of 44.67% and a return on equity of 8.90%. During the same quarter last year, the business earned $0.22 EPS. On average, analysts expect that Capstead Mortgage Corp. will post $0.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 10.24%. Capstead Mortgage Corp.’s dividend payout ratio (DPR) is 104.55%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. bought a new position in Capstead Mortgage Corp. during the first quarter worth approximately $103,000. Amalgamated Bank increased its position in Capstead Mortgage Corp. by 10.4% in the second quarter. Amalgamated Bank now owns 11,370 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,067 shares during the period. PineBridge Investments L.P. increased its position in Capstead Mortgage Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 12,169 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 447 shares during the period. Teacher Retirement System of Texas increased its position in Capstead Mortgage Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,387 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,623 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in Capstead Mortgage Corp. during the second quarter worth approximately $144,000. Hedge funds and other institutional investors own 66.38% of the company’s stock.
About Capstead Mortgage Corp.
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).
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