Ameriprise Financial Inc. cut its position in shares of Capstead Mortgage Corp. (NYSE:CMO) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,306 shares of the real estate investment trust’s stock after selling 87,690 shares during the period. Ameriprise Financial Inc. owned about 0.53% of Capstead Mortgage Corp. worth $4,980,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pacad Investment Ltd. bought a new position in Capstead Mortgage Corp. during the first quarter worth about $103,000. Suntrust Banks Inc. raised its position in Capstead Mortgage Corp. by 5.8% in the second quarter. Suntrust Banks Inc. now owns 15,316 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 844 shares during the last quarter. Sippican Capital Advisors raised its position in Capstead Mortgage Corp. by 16.1% in the second quarter. Sippican Capital Advisors now owns 18,425 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,550 shares during the last quarter. WealthTrust Axiom LLC raised its position in Capstead Mortgage Corp. by 3.0% in the second quarter. WealthTrust Axiom LLC now owns 20,900 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 609 shares during the last quarter. Finally, Creative Planning raised its position in 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. 66.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded down 0.33% on Friday, reaching $9.13. The company had a trading volume of 498,267 shares. The company has a market capitalization of $876.37 million, a price-to-earnings ratio of 10.62 and a beta of 0.36. The stock has a 50 day moving average price of $9.62 and a 200-day moving average price of $9.80. Capstead Mortgage Corp. has a 12 month low of $7.48 and a 12 month high of $10.46.
Capstead Mortgage Corp. (NYSE:CMO) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company posted $0.22 earnings per share. Analysts forecast that Capstead Mortgage Corp. will post $0.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date is Wednesday, September 28th. Capstead Mortgage Corp.’s dividend payout ratio is presently 104.55%.
A number of research analysts have recently issued reports on CMO shares. Zacks Investment Research lowered Capstead Mortgage Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Keefe, Bruyette & Woods set a $9.50 target price on 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. Capstead Mortgage Corp. has an average 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).
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