Ares Management LLC Has $146,000 Stake in Capstead Mortgage Corporation (CMO)
Ares Management LLC continued to hold its stake in shares of Capstead Mortgage Corporation (NYSE:CMO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the real estate investment trust’s stock at the end of the second quarter. Ares Management LLC’s holdings in Capstead Mortgage Corporation were worth $146,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. HRT Financial LLC bought a new position in Capstead Mortgage Corporation in the 2nd quarter valued at $113,000. Everence Capital Management Inc. bought a new position in Capstead Mortgage Corporation in the 2nd quarter valued at $131,000. Honkamp Krueger Financial Services Inc. boosted its holdings in Capstead Mortgage Corporation by 0.6% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 12,621 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 71 shares during the period. Martingale Asset Management L P bought a new position in Capstead Mortgage Corporation in the 2nd quarter valued at $133,000. Finally, Amalgamated Bank boosted its holdings in Capstead Mortgage Corporation by 1.1% in the 2nd quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 139 shares during the period. 72.57% of the stock is owned by hedge funds and other institutional investors.
Capstead Mortgage Corporation (CMO) traded up 0.562% during mid-day trading on Thursday, hitting $9.835. 91,909 shares of the stock traded hands. The company’s 50 day moving average is $9.65 and its 200 day moving average is $10.28. The company has a market cap of $945.18 million, a P/E ratio of 16.123 and a beta of 0.38. 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 issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. The company had revenue of $56.34 million for the quarter, compared to the consensus estimate of $26.13 million. During the same quarter in the prior year, the company posted $0.19 EPS. On average, analysts expect that Capstead Mortgage Corporation will post $0.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.77%. Capstead Mortgage Corporation’s dividend payout ratio is 124.59%.
Several research analysts have commented on CMO shares. BidaskClub raised shares of Capstead Mortgage Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Capstead Mortgage Corporation has an average rating of “Hold” and an average target price of $11.00.
Capstead Mortgage Corporation 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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