State of Tennessee Treasury Department cut its stake in CAPSTEAD MTG CO/SH (NYSE:CMO) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,083 shares of the real estate investment trust’s stock after selling 7,953 shares during the quarter. State of Tennessee Treasury Department owned 0.06% of CAPSTEAD MTG CO/SH worth $302,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of CMO. Marshall Wace North America L.P. purchased a new stake in shares of CAPSTEAD MTG CO/SH during the first quarter valued at approximately $67,000. Confluence Investment Management LLC increased its position in CAPSTEAD MTG CO/SH by 2.4% in the first quarter. Confluence Investment Management LLC now owns 111,144 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 2,644 shares during the last quarter. Comerica Bank raised its stake in shares of CAPSTEAD MTG CO/SH by 2.8% in the first quarter. Comerica Bank now owns 91,515 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 2,535 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in CAPSTEAD MTG CO/SH in the 1st quarter valued at about $193,000. Finally, Aperio Group LLC raised its stake in CAPSTEAD MTG CO/SH by 91.8% in the 1st quarter. Aperio Group LLC now owns 23,358 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 11,180 shares during the period. 80.10% of the stock is owned by institutional investors.
Shares of CMO opened at $6.04 on Wednesday. The business’s 50-day moving average price is $6.16 and its 200-day moving average price is $5.48. CAPSTEAD MTG CO/SH has a twelve month low of $1.97 and a twelve month high of $8.42. The stock has a market cap of $587.49 million, a PE ratio of -3.45 and a beta of 1.32. The company has a quick ratio of 19.66, a current ratio of 19.66 and a debt-to-equity ratio of 11.59.
CAPSTEAD MTG CO/SH (NYSE:CMO) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. CAPSTEAD MTG CO/SH had a positive return on equity of 10.43% and a negative net margin of 53.94%. The firm had revenue of $48.16 million for the quarter. Analysts expect that CAPSTEAD MTG CO/SH will post 0.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 9.93%. The ex-dividend date is Tuesday, September 29th. CAPSTEAD MTG CO/SH’s payout ratio is 120.00%.
Separately, Zacks Investment Research upgraded CAPSTEAD MTG CO/SH from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Monday, August 3rd.
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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