Sippican Capital Advisors increased its stake in shares of Capstead Mortgage Co. (NYSE:CMO) by 16.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,425 shares of the real estate investment trust’s stock after buying an additional 2,550 shares during the period. Sippican Capital Advisors’ holdings in Capstead Mortgage were worth $179,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Capstead Mortgage by 31.3% in the first quarter. JPMorgan Chase & Co. now owns 5,581,514 shares of the real estate investment trust’s stock valued at $55,201,000 after buying an additional 1,331,138 shares during the period. Renaissance Technologies LLC boosted its position in shares of Capstead Mortgage by 91.9% in the first quarter. Renaissance Technologies LLC now owns 2,219,000 shares of the real estate investment trust’s stock valued at $21,946,000 after buying an additional 1,062,500 shares during the period. Norges Bank bought a new position in shares of Capstead Mortgage during the fourth quarter valued at about $8,244,000. UBS Group AG boosted its position in shares of Capstead Mortgage by 30.4% in the first quarter. UBS Group AG now owns 1,219,604 shares of the real estate investment trust’s stock valued at $12,062,000 after buying an additional 284,613 shares during the period. Finally, Nisa Investment Advisors L.L.C. bought a new position in shares of Capstead Mortgage during the first quarter valued at about $574,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
Shares of Capstead Mortgage Co. (NYSE:CMO) traded down 1.31% during midday trading on Friday, reaching $9.78. The company’s stock had a trading volume of 707,316 shares. Capstead Mortgage Co. has a 1-year low of $7.48 and a 1-year high of $10.54. The stock has a 50 day moving average of $10.03 and a 200-day moving average of $9.85. The company has a market capitalization of $938.76 million, a P/E ratio of 11.37 and a beta of 0.45.
Capstead Mortgage (NYSE:CMO) last posted its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. Capstead Mortgage had a net margin of 44.67% and a return on equity of 8.90%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts anticipate that Capstead Mortgage Co. will post $0.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 9.41%. Capstead Mortgage’s payout ratio is 104.55%.
Several equities analysts recently issued reports on CMO shares. Zacks Investment Research cut Capstead Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods set a $9.50 price target on Capstead Mortgage and gave the company a “market perform” rating in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Capstead Mortgage currently has a consensus rating of “Hold” and an average price target of $10.75.
About Capstead Mortgage
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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