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. “
A number of other equities analysts also recently issued reports on the stock. Bank of America raised shares of CAPSTEAD MTG CO/SH from a neutral rating to a buy rating in a research note on Tuesday, April 28th. JMP Securities raised shares of CAPSTEAD MTG CO/SH from a market perform rating to an outperform rating and set a $6.00 price target for the company in a research note on Monday, March 30th. Finally, ValuEngine downgraded shares of CAPSTEAD MTG CO/SH from a hold rating to a sell rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. CAPSTEAD MTG CO/SH has an average rating of Hold and a consensus price target of $5.75.
CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $69.63 million during the quarter. CAPSTEAD MTG CO/SH had a negative net margin of 75.31% and a positive return on equity of 9.11%. As a group, research analysts forecast that CAPSTEAD MTG CO/SH will post 0.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.83%. The ex-dividend date is Monday, June 29th. CAPSTEAD MTG CO/SH’s dividend payout ratio is 120.00%.
In other CAPSTEAD MTG CO/SH news, Director John L. Bernard bought 25,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $4.82 per share, with a total value of $120,500.00. Also, CEO Phillip A. Reinsch bought 20,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average cost of $4.82 per share, with a total value of $96,400.00. Insiders have acquired 55,000 shares of company stock valued at $266,000 in the last ninety days. Insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CMO. Macquarie Group Ltd. bought a new position in shares of CAPSTEAD MTG CO/SH during the fourth quarter valued at approximately $31,000. Deprince Race & Zollo Inc. purchased a new stake in shares of CAPSTEAD MTG CO/SH during the first quarter valued at approximately $42,000. Lavaca Capital LLC purchased a new stake in shares of CAPSTEAD MTG CO/SH during the first quarter valued at approximately $49,000. Aigen Investment Management LP grew its holdings in shares of CAPSTEAD MTG CO/SH by 1,830.7% during the first quarter. Aigen Investment Management LP now owns 12,569 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 11,918 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of CAPSTEAD MTG CO/SH by 564.3% during the first quarter. Catalyst Capital Advisors LLC now owns 13,950 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 11,850 shares during the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.
About CAPSTEAD MTG CO/SH
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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