Thrivent Financial for Lutherans grew its position in CAPSTEAD MTG CO/SH (NYSE:CMO) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,288 shares of the real estate investment trust’s stock after acquiring an additional 3,958 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of CAPSTEAD MTG CO/SH worth $333,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in CAPSTEAD MTG CO/SH by 985.6% during the first quarter. JPMorgan Chase & Co. now owns 567,324 shares of the real estate investment trust’s stock valued at $2,382,000 after purchasing an additional 515,065 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in CAPSTEAD MTG CO/SH by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,599 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 15,526 shares during the period. Nuveen Asset Management LLC boosted its position in CAPSTEAD MTG CO/SH by 28.4% during the 4th quarter. Nuveen Asset Management LLC now owns 937,141 shares of the real estate investment trust’s stock valued at $7,422,000 after purchasing an additional 207,410 shares during the period. 6 Meridian grew its stake in CAPSTEAD MTG CO/SH by 16.9% during the 1st quarter. 6 Meridian now owns 120,710 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 17,451 shares during the last quarter. Finally, Ziegler Capital Management LLC acquired a new stake in CAPSTEAD MTG CO/SH in the first quarter worth $1,067,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CMO opened at $5.54 on Wednesday. The stock has a market cap of $534.03 million, a P/E ratio of 10.26 and a beta of 1.30. The firm’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $6.31. CAPSTEAD MTG CO/SH has a fifty-two week low of $1.97 and a fifty-two week high of $9.25. The company has a quick ratio of 35.46, a current ratio of 35.46 and a debt-to-equity ratio of 14.30.
CAPSTEAD MTG CO/SH (NYSE:CMO) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $69.63 million for the quarter. CAPSTEAD MTG CO/SH had a negative net margin of 75.31% and a positive return on equity of 9.11%. On average, sell-side analysts anticipate that CAPSTEAD MTG CO/SH will post 0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $0.60 annualized dividend and a yield of 10.83%. CAPSTEAD MTG CO/SH’s dividend payout ratio is currently 120.00%.
CMO has been the subject of several analyst reports. Zacks Investment Research raised shares of CAPSTEAD MTG CO/SH from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Tuesday. Bank of America raised shares of CAPSTEAD MTG CO/SH from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 28th. JMP Securities upgraded shares of CAPSTEAD MTG CO/SH from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research note on Monday, March 30th. Finally, ValuEngine cut CAPSTEAD MTG CO/SH from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $6.13.
In other CAPSTEAD MTG CO/SH news, Director John L. Bernard purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were purchased at an average price of $4.82 per share, for a total transaction of $120,500.00. Also, CFO Lance Phillips purchased 10,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $4.91 per share, for a total transaction of $49,100.00. Over the last ninety days, insiders have purchased 55,000 shares of company stock worth $266,000. 1.90% of the stock is owned by corporate insiders.
CAPSTEAD MTG CO/SH Company Profile
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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