Capstead Mortgage Co. (CMO) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp trimmed its stake in shares of Capstead Mortgage Co. (NYSE:CMO) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,798,413 shares of the real estate investment trust’s stock after selling 109,363 shares during the period. Bank of New York Mellon Corp owned about 1.87% of Capstead Mortgage worth $17,355,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CMO. HRT Financial LLC acquired a new stake in shares of Capstead Mortgage during the second quarter worth $113,000. Everence Capital Management Inc. bought a new position in Capstead Mortgage in the second quarter valued at $131,000. Martingale Asset Management L P bought a new position in Capstead Mortgage in the second quarter valued at $133,000. Amalgamated Bank grew its position in Capstead Mortgage by 1.1% in the second 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 in the last quarter. Finally, Suntrust Banks Inc. grew its position in Capstead Mortgage by 1.4% in the second quarter. Suntrust Banks Inc. now owns 15,776 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods raised shares of Capstead Mortgage from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.00.
Capstead Mortgage (NYSE:CMO) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Capstead Mortgage had a net margin of 34.00% and a return on equity of 7.16%. The firm had revenue of $57.44 million during the quarter, compared to the consensus estimate of $24.10 million. During the same period last year, the business earned $0.13 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Thursday, December 28th. Capstead Mortgage’s dividend payout ratio (DPR) is presently 124.59%.
Capstead Mortgage 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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