UBS Asset Management Americas Inc. raised its stake in shares of Capstead Mortgage Corp. (NYSE:CMO) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,427 shares of the real estate investment trust’s stock after buying an additional 14,500 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Capstead Mortgage Corp. worth $778,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Pacad Investment Ltd. raised its position in shares of Capstead Mortgage Corp. by 6.7% in the second quarter. Pacad Investment Ltd. now owns 11,100 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 700 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Capstead Mortgage Corp. during the third quarter valued at $114,000. Amalgamated Bank raised its position in shares of Capstead Mortgage Corp. by 10.4% in the second quarter. Amalgamated Bank now owns 11,370 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,067 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Capstead Mortgage Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 12,169 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 447 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Capstead Mortgage Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,387 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded down 0.46% during midday trading on Thursday, hitting $10.78. 678,214 shares of the company were exchanged. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.31 and a beta of 0.38. The firm’s 50 day moving average price is $10.39 and its 200 day moving average price is $9.94. Capstead Mortgage Corp. has a one year low of $7.82 and a one year high of $10.85.
Capstead Mortgage Corp. (NYSE:CMO) last announced its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.05. Capstead Mortgage Corp. had a return on equity of 8.89% and a net margin of 42.49%. During the same quarter in the previous year, the company earned $0.18 earnings per share. Analysts forecast that Capstead Mortgage Corp. will post $0.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Wednesday, December 28th. Capstead Mortgage Corp.’s payout ratio is 110.84%.
Several research firms have weighed in on CMO. 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. TheStreet upgraded shares of Capstead Mortgage Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.75.
In other news, Director Michael G. Oneil sold 8,000 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $9.52, for a total value of $76,160.00. Following the sale, the director now directly owns 59,087 shares of the company’s stock, valued at $562,508.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.
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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