ETRADE Capital Management LLC Has $211,000 Stake in Capstead Mortgage Corporation (CMO)
ETRADE Capital Management LLC lifted its stake in Capstead Mortgage Corporation (NYSE:CMO) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,256 shares of the real estate investment trust’s stock after acquiring an additional 899 shares during the period. ETRADE Capital Management LLC’s holdings in Capstead Mortgage Corporation were worth $211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in CMO. HRT Financial LLC purchased a new position in shares of Capstead Mortgage Corporation in the second quarter valued at $113,000. Stevens Capital Management LP bought a new stake in shares of Capstead Mortgage Corporation during the 1st quarter valued at $117,000. Everence Capital Management Inc. bought a new stake in shares of Capstead Mortgage Corporation during the 2nd quarter valued at $131,000. Honkamp Krueger Financial Services Inc. lifted its holdings in Capstead Mortgage Corporation by 0.6% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 12,621 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 71 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Capstead Mortgage Corporation during the 2nd quarter worth about $133,000. Institutional investors own 72.57% of the company’s stock.
Several research analysts have commented on CMO shares. Zacks Investment Research upgraded Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered Capstead Mortgage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Capstead Mortgage Corporation presently has an average rating of “Hold” and a consensus target price of $11.00.
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Shares of Capstead Mortgage Corporation (NYSE CMO) opened at 9.74 on Tuesday. The company’s 50-day moving average is $9.64 and its 200-day moving average is $10.29. Capstead Mortgage Corporation has a 12-month low of $8.93 and a 12-month high of $11.41. The company has a market cap of $936.05 million, a price-to-earnings ratio of 15.97 and a beta of 0.38.
Capstead Mortgage Corporation (NYSE:CMO) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The company had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $26.13 million. Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities research analysts predict that Capstead Mortgage Corporation will post $0.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.80%. The ex-dividend date is Thursday, September 28th. Capstead Mortgage Corporation’s dividend payout ratio is 124.59%.
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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