JPMorgan Chase & Co. cut its position in Capstead Mortgage Corporation (NYSE:CMO) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,732,777 shares of the real estate investment trust’s stock after selling 56,336 shares during the quarter. JPMorgan Chase & Co. owned 3.89% of Capstead Mortgage Corporation worth $38,933,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in CMO. Elkfork Partners LLC purchased a new position in shares of Capstead Mortgage Corporation in the first quarter valued at $105,000. Stevens Capital Management LP purchased a new position in shares of Capstead Mortgage Corporation in the first quarter valued at $117,000. Everence Capital Management Inc. purchased a new position in shares of Capstead Mortgage Corporation in the second quarter valued at $131,000. Honkamp Krueger Financial Services Inc. boosted its stake in shares of Capstead Mortgage Corporation by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,621 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 71 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Capstead Mortgage Corporation by 282.3% in the first quarter. ProShare Advisors LLC now owns 66,830 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 49,349 shares during the period. Institutional investors and hedge funds own 72.57% of the company’s stock.
Capstead Mortgage Corporation (CMO) opened at 9.47 on Friday. The firm’s 50-day moving average is $9.65 and its 200-day moving average is $10.35. Capstead Mortgage Corporation has a 1-year low of $8.93 and a 1-year high of $11.41. The company has a market capitalization of $910.10 million, a P/E ratio of 15.52 and a beta of 0.36.
Capstead Mortgage Corporation (NYSE:CMO) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. The firm had revenue of $56.34 million during the quarter, compared to the consensus estimate of $26.13 million. During the same period in the prior year, the business earned $0.19 EPS. Equities research analysts predict that Capstead Mortgage Corporation will post $0.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date is Thursday, September 28th. Capstead Mortgage Corporation’s dividend payout ratio is 137.70%.
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CMO has been the subject of several analyst reports. BidaskClub upgraded shares of Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.00.
Capstead Mortgage Corporation Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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