California State Teachers Retirement System Has $1.48 Million Position in Capstead Mortgage Co. (CMO)

California State Teachers Retirement System cut its holdings in shares of Capstead Mortgage Co. (NYSE:CMO) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 152,905 shares of the real estate investment trust’s stock after selling 16,175 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Capstead Mortgage worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Amalgamated Bank raised its position in shares of Capstead Mortgage by 1.1% during the 2nd quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 139 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Capstead Mortgage by 0.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 51,830 shares of the real estate investment trust’s stock valued at $541,000 after buying an additional 214 shares during the period. Suntrust Banks Inc. raised its position in shares of Capstead Mortgage by 1.4% during the 2nd quarter. Suntrust Banks Inc. now owns 15,776 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 225 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Capstead Mortgage by 1.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,487 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 308 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Capstead Mortgage by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,684 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Several analysts have recently commented on CMO shares. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $9.50 target price on shares of Capstead Mortgage in a research report on Friday, February 2nd.

Shares of Capstead Mortgage Co. (CMO) traded up $0.09 during midday trading on Tuesday, reaching $8.81. The company’s stock had a trading volume of 650,628 shares, compared to its average volume of 1,019,371. The stock has a market capitalization of $838.03, a price-to-earnings ratio of 13.55 and a beta of 0.18. The company has a current ratio of 12.11, a quick ratio of 15.28 and a debt-to-equity ratio of 12.58. Capstead Mortgage Co. has a 52 week low of $8.17 and a 52 week high of $11.41.

Capstead Mortgage (NYSE:CMO) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $22.70 million during the quarter, compared to the consensus estimate of $24.55 million. Capstead Mortgage had a net margin of 34.10% and a return on equity of 7.56%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were paid a $0.19 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.76 annualized dividend and a dividend yield of 8.63%. Capstead Mortgage’s dividend payout ratio (DPR) is 116.92%.

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About Capstead Mortgage

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).

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

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