Capstead Mortgage Corporation (CMO) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. boosted its position in shares of Capstead Mortgage Corporation (NYSE:CMO) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,776 shares of the real estate investment trust’s stock after acquiring an additional 225 shares during the period. Suntrust Banks Inc.’s holdings in Capstead Mortgage Corporation were worth $164,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Capstead Mortgage Corporation during the 2nd quarter worth $823,000. ETRADE Capital Management LLC lifted its position in Capstead Mortgage Corporation by 4.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 20,256 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 899 shares during the last quarter. Vanguard Group Inc. lifted its position in Capstead Mortgage Corporation by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,821,172 shares of the real estate investment trust’s stock worth $92,005,000 after acquiring an additional 29,224 shares during the last quarter. Northern Trust Corp lifted its position in Capstead Mortgage Corporation by 2.1% during the 2nd quarter. Northern Trust Corp now owns 2,603,062 shares of the real estate investment trust’s stock worth $27,150,000 after acquiring an additional 53,399 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in Capstead Mortgage Corporation by 208.4% during the 2nd quarter. GSA Capital Partners LLP now owns 48,106 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 32,505 shares during the last quarter. 72.57% of the stock is owned by hedge funds and other institutional investors.
Capstead Mortgage Corporation (CMO) opened at 9.71 on Friday. The company has a market cap of $933.17 million, a P/E ratio of 15.92 and a beta of 0.38. The stock’s 50 day moving average is $9.64 and its 200 day moving average is $10.21. Capstead Mortgage Corporation has a 12-month low of $9.22 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 analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $56.34 million for the quarter, compared to analyst estimates 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 business posted $0.19 EPS. On average, equities analysts forecast that Capstead Mortgage Corporation will post $0.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend is Thursday, September 28th. Capstead Mortgage Corporation’s dividend payout ratio is presently 124.59%.
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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Capstead Mortgage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded 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 given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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