Goldman Sachs Group Inc. boosted its position in Capstead Mortgage Corporation (NYSE:CMO) by 39.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,259 shares of the real estate investment trust’s stock after buying an additional 79,909 shares during the period. Goldman Sachs Group Inc. owned 0.30% of Capstead Mortgage Corporation worth $2,996,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CMO. Elkfork Partners LLC purchased a new position in shares of Capstead Mortgage Corporation during the first quarter worth $105,000. Denver Investment Advisors LLC purchased a new position in shares of Capstead Mortgage Corporation during the first quarter worth $106,000. State of Alaska Department of Revenue raised 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 during the period. Stevens Capital Management LP purchased a new position in shares of Capstead Mortgage Corporation during the first quarter worth $117,000. Finally, ProShare Advisors LLC raised 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 during the period. Institutional investors own 71.17% of the company’s stock.
Shares of Capstead Mortgage Corporation (NYSE CMO) traded up 0.94% during midday trading on Friday, reaching $9.71. The company had a trading volume of 140,838 shares. The firm has a market capitalization of $933.17 million, a P/E ratio of 15.92 and a beta of 0.36. The company has a 50 day moving average price of $10.04 and a 200-day moving average price of $10.48. Capstead Mortgage Corporation has a one year low of $8.93 and a one year high of $11.41.
Capstead Mortgage Corporation (NYSE:CMO) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $56.34 million for the quarter, compared to the consensus estimate of $26.13 million. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts anticipate that Capstead Mortgage Corporation will post $0.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 8.73%. Capstead Mortgage Corporation’s payout ratio is 137.70%.
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A number of brokerages have recently weighed in on CMO. BidaskClub lowered Capstead Mortgage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price target on shares of Capstead Mortgage Corporation in a research report on Tuesday, May 30th. Finally, Zacks Investment Research downgraded Capstead Mortgage Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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