Nationwide Fund Advisors cut its stake in shares of Capstead Mortgage Corp. (NYSE:CMO) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,189 shares of the real estate investment trust’s stock after selling 17,146 shares during the period. Nationwide Fund Advisors owned 0.47% of Capstead Mortgage Corp. worth $4,406,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Capstead Mortgage Corp. by 31.3% in the first quarter. JPMorgan Chase & Co. now owns 5,581,514 shares of the real estate investment trust’s stock worth $55,201,000 after buying an additional 1,331,138 shares during the period. Renaissance Technologies LLC increased its stake in Capstead Mortgage Corp. by 91.9% in the first quarter. Renaissance Technologies LLC now owns 2,219,000 shares of the real estate investment trust’s stock worth $21,946,000 after buying an additional 1,062,500 shares during the period. Norges Bank acquired a new stake in Capstead Mortgage Corp. during the fourth quarter worth $8,244,000. Rothschild Asset Management Inc. acquired a new stake in Capstead Mortgage Corp. during the second quarter worth $7,091,000. Finally, Emerald Acquisition Ltd. acquired a new stake in Capstead Mortgage Corp. during the second quarter worth $5,251,000. Institutional investors own 66.38% of the company’s stock.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded up 0.21% during trading on Friday, reaching $9.43. The company had a trading volume of 1,190,785 shares. The stock has a market capitalization of $905.17 million, a PE ratio of 10.97 and a beta of 0.45. Capstead Mortgage Corp. has a 12 month low of $7.48 and a 12 month high of $10.54. The stock’s 50-day moving average price is $9.92 and its 200-day moving average price is $9.85.
Capstead Mortgage Corp. (NYSE:CMO) last issued its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. Capstead Mortgage Corp. had a return on equity of 8.90% and a net margin of 44.67%. During the same period in the prior year, the business earned $0.22 earnings per share. Equities analysts forecast that Capstead Mortgage Corp. will post $0.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Wednesday, September 28th. Capstead Mortgage Corp.’s dividend payout ratio (DPR) is 104.55%.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Capstead Mortgage Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Keefe, Bruyette & Woods set a $9.50 price objective on Capstead Mortgage Corp. and gave the stock a “market perform” rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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