Mason Street Advisors LLC acquired a new position in Capstead Mortgage Corp. (NYSE:CMO) during the second quarter, Holdings Channel reports. The fund acquired 18,757 shares of the real estate investment trust’s stock, valued at approximately $182,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its position in Capstead Mortgage Corp. by 35.9% in the second quarter. Creative Planning now owns 24,465 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 6,469 shares during the period. Magnetar Financial LLC bought a new position in Capstead Mortgage Corp. during the first quarter worth approximately $377,000. HBK Investments L P boosted its position in Capstead Mortgage Corp. by 192.8% in the first quarter. HBK Investments L P now owns 55,337 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 36,437 shares during the period. Pacad Investment Ltd. bought a new position in Capstead Mortgage Corp. during the first quarter worth approximately $103,000. Finally, Prudential Financial Inc. boosted its position in Capstead Mortgage Corp. 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 during the period. 66.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Capstead Mortgage Corp. (NYSE:CMO) opened at 9.16 on Friday. The company’s 50-day moving average is $9.65 and its 200 day moving average is $9.80. Capstead Mortgage Corp. has a 52-week low of $7.48 and a 52-week high of $10.46. The company has a market cap of $879.25 million, a PE ratio of 10.65 and a beta of 0.36.
Capstead Mortgage Corp. (NYSE:CMO) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. Capstead Mortgage Corp. had a net margin of 44.67% and a return on equity of 8.90%. During the same period in the previous year, the business earned $0.22 EPS. On average, analysts anticipate that Capstead Mortgage Corp. will post $0.83 EPS for the current year.
The firm also recently announced 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. This represents a $0.92 annualized dividend and a dividend yield of 10.04%. The ex-dividend date is Wednesday, September 28th. Capstead Mortgage Corp.’s dividend payout ratio is presently 104.55%.
CMO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Capstead Mortgage Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Keefe, Bruyette & Woods set a $9.50 target price on shares of Capstead Mortgage Corp. and gave the company a “market perform” rating in a research report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Capstead Mortgage Corp. has an average rating of “Hold” and a consensus price target of $10.75.
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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