Baird Financial Group Inc. reduced its stake in Capstead Mortgage Corporation (NYSE:CMO) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 394,091 shares of the real estate investment trust’s stock after selling 231 shares during the period. Baird Financial Group Inc. owned approximately 0.41% of Capstead Mortgage Corporation worth $4,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Capstead Mortgage Corporation by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,387 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,623 shares during the period. Principal Financial Group Inc. boosted its position in shares of Capstead Mortgage Corporation by 2.6% in the second quarter. Principal Financial Group Inc. now owns 687,929 shares of the real estate investment trust’s stock worth $6,673,000 after buying an additional 17,313 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Capstead Mortgage Corporation by 3.2% in the second quarter. Vanguard Group Inc. now owns 7,556,498 shares of the real estate investment trust’s stock worth $73,298,000 after buying an additional 234,873 shares during the last quarter. Doheny Asset Management CA acquired a new position in shares of Capstead Mortgage Corporation during the second quarter worth approximately $485,000. Finally, Crawford Investment Counsel Inc. boosted its position in shares of Capstead Mortgage Corporation by 8.9% in the second quarter. Crawford Investment Counsel Inc. now owns 146,292 shares of the real estate investment trust’s stock worth $1,419,000 after buying an additional 11,984 shares during the last quarter. Institutional investors own 67.13% of the company’s stock.

Institutional Ownership by Quarter for Capstead Mortgage Corporation (NYSE:CMO)

Shares of Capstead Mortgage Corporation (NYSE:CMO) traded down 0.57% on Friday, reaching $10.49. 178,621 shares of the company’s stock were exchanged. Capstead Mortgage Corporation has a one year low of $8.93 and a one year high of $10.96. The company has a 50 day moving average price of $10.62 and a 200 day moving average price of $10.06. The firm has a market cap of $1.01 billion, a PE ratio of 14.99 and a beta of 0.37.

Capstead Mortgage Corporation (NYSE:CMO) last released its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.05. The firm had revenue of $20.85 million for the quarter, compared to the consensus estimate of $56.15 million. Capstead Mortgage Corporation had a net margin of 38.85% and a return on equity of 7.95%. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Analysts expect that Capstead Mortgage Corporation will post $0.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, December 30th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.72%. Capstead Mortgage Corporation’s dividend payout ratio is currently 129.58%.

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A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th. TheStreet upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Finally, Wells Fargo & Company cut shares of Capstead Mortgage Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 7th.

About Capstead Mortgage Corporation

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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