Capstead Mortgage Corporation (NYSE:CMO) Stake Cut by Maple Capital Management Inc.
Maple Capital Management Inc. decreased its position in Capstead Mortgage Corporation (NYSE:CMO) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,325 shares of the real estate investment trust’s stock after selling 850 shares during the period. Maple Capital Management Inc.’s holdings in Capstead Mortgage Corporation were worth $462,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Elkfork Partners LLC acquired a new position in shares of Capstead Mortgage Corporation during the first quarter worth approximately $105,000. Denver Investment Advisors LLC acquired a new position in shares of Capstead Mortgage Corporation during the first quarter worth approximately $106,000. State of Alaska Department of Revenue increased its position in shares of Capstead Mortgage Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 10,590 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 200 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Capstead Mortgage Corporation during the first quarter worth approximately $117,000. Finally, ProShare Advisors LLC increased its position 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 worth $139,000 after buying an additional 49,349 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors.
Capstead Mortgage Corporation (NYSE:CMO) traded up 0.39% during midday trading on Wednesday, reaching $10.24. 173,956 shares of the company traded hands. The stock has a market capitalization of $983.67 million, a price-to-earnings ratio of 15.75 and a beta of 0.38. Capstead Mortgage Corporation has a 12 month low of $8.93 and a 12 month high of $11.41. The firm has a 50 day moving average of $10.66 and a 200-day moving average of $10.62.
Capstead Mortgage Corporation (NYSE:CMO) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Capstead Mortgage Corporation had a net margin of 37.49% and a return on equity of 7.61%. The business had revenue of $54.99 million during the quarter, compared to analysts’ expectations of $23.25 million. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts forecast that Capstead Mortgage Corporation will post $0.80 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend is Wednesday, June 28th. Capstead Mortgage Corporation’s payout ratio is currently 127.27%.
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CMO has been the topic of a number of research reports. Zacks Investment Research raised shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reissued 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 given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.00.
Capstead Mortgage Corporation Company 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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