Old Mutual Global Investors UK Ltd. purchased a new position in shares of Capstead Mortgage Co. (NYSE:CMO) during the fourth quarter, Holdings Channel reports. The firm purchased 15,569 shares of the real estate investment trust’s stock, valued at approximately $134,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Capstead Mortgage by 1.8% during the second quarter. PNC Financial Services Group Inc. now owns 17,487 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 308 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Capstead Mortgage in the 2nd quarter valued at about $216,000. SG Americas Securities LLC acquired a new position in Capstead Mortgage in the 3rd quarter valued at about $223,000. Crossmark Global Holdings Inc. acquired a new position in Capstead Mortgage in the 3rd quarter valued at about $257,000. Finally, Alps Advisors Inc. acquired a new position in Capstead Mortgage in the 4th quarter valued at about $268,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.
Several equities analysts have weighed in on CMO shares. ValuEngine upgraded shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods upgraded shares of Capstead Mortgage from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th.
Capstead Mortgage (NYSE:CMO) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Capstead Mortgage had a net margin of 34.10% and a return on equity of 7.56%. The firm had revenue of $22.70 million for the quarter, compared to the consensus estimate of $24.55 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis.
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Capstead Mortgage 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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