American International Group Inc. lowered its holdings in CAPSTEAD MTG CO/SH (NYSE:CMO) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 64,223 shares of the real estate investment trust’s stock after selling 6,082 shares during the quarter. American International Group Inc.’s holdings in CAPSTEAD MTG CO/SH were worth $552,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. HRT Financial LLC purchased a new position in shares of CAPSTEAD MTG CO/SH in the fourth quarter worth approximately $133,000. 6 Meridian boosted its holdings in shares of CAPSTEAD MTG CO/SH by 9.5% during the first quarter. 6 Meridian now owns 93,058 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 8,104 shares during the period. Caxton Associates LP acquired a new stake in shares of CAPSTEAD MTG CO/SH during the fourth quarter worth approximately $358,000. Rhumbline Advisers boosted its holdings in shares of CAPSTEAD MTG CO/SH by 20.0% during the fourth quarter. Rhumbline Advisers now owns 272,792 shares of the real estate investment trust’s stock worth $1,820,000 after purchasing an additional 45,528 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of CAPSTEAD MTG CO/SH by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 984,100 shares of the real estate investment trust’s stock worth $6,563,000 after purchasing an additional 49,107 shares during the period. 79.90% of the stock is currently owned by institutional investors.
CMO stock opened at $8.20 on Thursday. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 13.91. The company has a market cap of $692.34 million, a P/E ratio of 26.97 and a beta of 0.66. CAPSTEAD MTG CO/SH has a 52 week low of $6.58 and a 52 week high of $9.30.
CAPSTEAD MTG CO/SH (NYSE:CMO) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $84.23 million during the quarter. CAPSTEAD MTG CO/SH had a net margin of 7.86% and a return on equity of 5.41%.
Several analysts recently commented on CMO shares. JMP Securities upgraded shares of CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating in a report on Thursday, February 14th. Keefe, Bruyette & Woods upgraded shares of CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $7.00 to $8.50 in a report on Sunday, February 24th.
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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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