Nationwide Fund Advisors Purchases 29,875 Shares of Capstead Mortgage Corporation (CMO)
Nationwide Fund Advisors boosted its position in Capstead Mortgage Corporation (NYSE:CMO) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,622 shares of the real estate investment trust’s stock after purchasing an additional 29,875 shares during the period. Nationwide Fund Advisors owned 0.42% of Capstead Mortgage Corporation worth $4,189,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. increased its holdings in Capstead Mortgage Corporation by 12.5% in the 2nd quarter. Sei Investments Co. now owns 107,627 shares of the real estate investment trust’s stock worth $1,122,000 after purchasing an additional 11,943 shares in the last quarter. KCG Holdings Inc. increased its holdings in Capstead Mortgage Corporation by 185.0% in the 1st quarter. KCG Holdings Inc. now owns 43,853 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 28,465 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Capstead Mortgage Corporation in the 1st quarter worth about $180,000. California Public Employees Retirement System increased its holdings in Capstead Mortgage Corporation by 4.8% in the 1st quarter. California Public Employees Retirement System now owns 376,200 shares of the real estate investment trust’s stock worth $3,965,000 after purchasing an additional 17,200 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Capstead Mortgage Corporation by 211.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,179 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 11,656 shares in the last quarter. 72.57% of the stock is owned by institutional investors and hedge funds.
CMO has been the subject of a number of recent research reports. BidaskClub raised Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised 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 presently has a consensus rating of “Hold” and an average target price of $11.00.
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Shares of Capstead Mortgage Corporation (CMO) opened at 9.66 on Friday. Capstead Mortgage Corporation has a 52 week low of $8.97 and a 52 week high of $11.41. The stock has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.27. The firm has a market cap of $928.36 million, a PE ratio of 15.84 and a beta of 0.38.
Capstead Mortgage Corporation (NYSE:CMO) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The company had revenue of $56.34 million during the quarter, compared to analysts’ expectations of $26.13 million. Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities analysts expect that Capstead Mortgage Corporation will post $0.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a $0.19 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.76 annualized dividend and a dividend yield of 7.87%. Capstead Mortgage Corporation’s dividend payout ratio is currently 124.59%.
About Capstead Mortgage Corporation
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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