Pekin Singer Strauss Asset Management IL raised its stake in Capstead Mortgage Corporation (NYSE:CMO) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,495 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the period. Pekin Singer Strauss Asset Management IL owned 0.05% of Capstead Mortgage Corporation worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in Capstead Mortgage Corporation by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 640,312 shares of the real estate investment trust’s stock valued at $6,679,000 after buying an additional 20,022 shares during the last quarter. Global X Management Co. LLC increased its position in Capstead Mortgage Corporation by 6.4% in the second quarter. Global X Management Co. LLC now owns 991,607 shares of the real estate investment trust’s stock valued at $10,342,000 after buying an additional 59,869 shares during the last quarter. TD Asset Management Inc. increased its position in Capstead Mortgage Corporation by 9.2% in the second quarter. TD Asset Management Inc. now owns 405,500 shares of the real estate investment trust’s stock valued at $4,229,000 after buying an additional 34,300 shares during the last quarter. Sei Investments Co. increased its position in Capstead Mortgage Corporation by 12.5% in the second quarter. Sei Investments Co. now owns 107,627 shares of the real estate investment trust’s stock valued at $1,122,000 after buying an additional 11,943 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in Capstead Mortgage Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 70,082 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 586 shares during the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.

Shares of Capstead Mortgage Corporation (CMO) opened at 9.66 on Friday. The company has a market capitalization of $928.36 million, a P/E ratio of 15.84 and a beta of 0.36. The stock’s 50 day moving average is $10.18 and its 200 day moving average is $10.52. Capstead Mortgage Corporation has a 12 month low of $8.93 and a 12 month high of $11.41.

Capstead Mortgage Corporation (NYSE:CMO) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $56.34 million during the quarter, compared to analyst estimates of $26.13 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts predict that Capstead Mortgage Corporation will post $0.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Friday, June 30th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Wednesday, June 28th. Capstead Mortgage Corporation’s dividend payout ratio is currently 137.70%.

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Several analysts have recently commented on the stock. BidaskClub downgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 price objective on shares of Capstead Mortgage Corporation in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Capstead Mortgage Corporation (NYSE:CMO)

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