BNP Paribas Arbitrage SA lowered its position in shares of Capstead Mortgage Corp. (NYSE:CMO) by 50.7% during the third quarter, Holdings Channel reports. The institutional investor owned 14,853 shares of the real estate investment trust’s stock after selling 15,270 shares during the period. BNP Paribas Arbitrage SA’s holdings in Capstead Mortgage Corp. were worth $140,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CMO. Creative Planning boosted its stake in shares of Capstead Mortgage Corp. by 35.9% in the second quarter. Creative Planning now owns 24,465 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 6,469 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Capstead Mortgage Corp. during the first quarter worth $377,000. HBK Investments L P boosted its stake in shares of Capstead Mortgage Corp. by 192.8% in the first quarter. HBK Investments L P now owns 55,337 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 36,437 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Capstead Mortgage Corp. during the first quarter worth $103,000. Finally, Prudential Financial Inc. boosted its stake in shares of Capstead Mortgage Corp. by 2.4% in the first quarter. Prudential Financial Inc. now owns 711,184 shares of the real estate investment trust’s stock worth $7,034,000 after buying an additional 17,000 shares during the last quarter. Institutional investors and hedge funds own 66.38% of the company’s stock.
Capstead Mortgage Corp. (NYSE:CMO) opened at 9.08 on Wednesday. The company has a 50-day moving average of $9.70 and a 200-day moving average of $9.81. Capstead Mortgage Corp. has a 1-year low of $7.48 and a 1-year high of $10.46. The firm has a market cap of $871.57 million, a price-to-earnings ratio of 10.56 and a beta of 0.36.
Capstead Mortgage Corp. (NYSE:CMO) last announced its 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 return on equity of 8.90% and a net margin of 44.67%. During the same quarter in the prior year, the company earned $0.22 earnings per share. Analysts predict that Capstead Mortgage Corp. will post $0.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date is Wednesday, September 28th. Capstead Mortgage Corp.’s dividend payout ratio is presently 104.55%.
CMO has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Capstead Mortgage Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 4th. Keefe, Bruyette & Woods set a $9.50 price objective on shares of Capstead Mortgage Corp. and gave the stock a “market perform” rating in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.75.
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).
Want to see what other hedge funds are holding CMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capstead Mortgage Corp. (NYSE:CMO).
Receive News & Ratings for Capstead Mortgage Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstead Mortgage Corp. and related companies with MarketBeat.com's FREE daily email newsletter.