Sippican Capital Advisors raised its position in Capstead Mortgage Co. (NYSE:CMO) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.
A number of other institutional investors have also modified their holdings of CMO. Norges Bank acquired a new position in shares of Capstead Mortgage during the fourth quarter worth about $8,244,000. Telemus Capital LLC acquired a new position in shares of Capstead Mortgage during the first quarter worth about $437,000. Nisa Investment Advisors L.L.C. acquired a new position in shares of Capstead Mortgage during the first quarter worth about $574,000. Pacad Investment Ltd. acquired a new position in shares of Capstead Mortgage during the first quarter worth about $103,000. Finally, Prudential Financial Inc. increased its position in shares of Capstead Mortgage by 2.4% in the first quarter. Prudential Financial Inc. now owns 711,184 shares of the real estate investment trust’s stock worth $7,034,000 after buying an additional 17,000 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.
Shares of Capstead Mortgage Co. (NYSE:CMO) traded down 1.31% during trading on Friday, hitting $9.78. The company’s stock had a trading volume of 707,316 shares. Capstead Mortgage Co. has a one year low of $7.48 and a one year high of $10.54. The stock has a market cap of $938.76 million, a PE ratio of 11.37 and a beta of 0.45. The company has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.85.
Capstead Mortgage (NYSE:CMO) last posted its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. Capstead Mortgage had a return on equity of 8.90% and a net margin of 44.67%. During the same period last year, the firm posted $0.22 EPS. Equities analysts predict that Capstead Mortgage Co. will post $0.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.41%. The ex-dividend date is Wednesday, September 28th. Capstead Mortgage’s dividend payout ratio (DPR) is presently 104.55%.
A number of equities analysts have issued reports on CMO shares. Zacks Investment Research downgraded Capstead Mortgage from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Keefe, Bruyette & Woods set a $9.50 price target on Capstead Mortgage and gave the stock a “market perform” rating in a research report on Monday, August 1st. One 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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