California Public Employees Retirement System lifted its stake in shares of Capstead Mortgage Co. (NYSE:CMO) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 360,154 shares of the real estate investment trust’s stock after buying an additional 21,554 shares during the quarter. California Public Employees Retirement System’s holdings in Capstead Mortgage were worth $3,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Martingale Asset Management L P bought a new position in shares of Capstead Mortgage in the 2nd quarter worth $133,000. Amalgamated Bank lifted its holdings in shares of Capstead Mortgage by 1.1% in the 2nd quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 139 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Capstead Mortgage by 1.4% in the 2nd quarter. Suntrust Banks Inc. now owns 15,776 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 225 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Capstead Mortgage by 1.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,487 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 308 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in shares of Capstead Mortgage by 4.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 20,256 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 899 shares in the last quarter. 72.99% of the stock is owned by institutional investors.
Capstead Mortgage Co. (NYSE:CMO) opened at $8.85 on Friday. The company has a debt-to-equity ratio of 12.29, a quick ratio of 15.28 and a current ratio of 15.28. Capstead Mortgage Co. has a 52 week low of $8.51 and a 52 week high of $11.41. The firm has a market capitalization of $850.53, a price-to-earnings ratio of 14.75 and a beta of 0.30.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.59%. The ex-dividend date is Thursday, December 28th. Capstead Mortgage’s dividend payout ratio (DPR) is presently 126.67%.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Capstead Mortgage from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods upgraded Capstead Mortgage from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Capstead Mortgage presently has a consensus rating of “Hold” and an average target price of $11.00.
ILLEGAL ACTIVITY NOTICE: “Capstead Mortgage Co. (CMO) Stake Increased by California Public Employees Retirement System” was published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.themarketsdaily.com/2018/01/14/capstead-mortgage-co-cmo-stake-increased-by-california-public-employees-retirement-system.html.
About Capstead Mortgage
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).
Want to see what other hedge funds are holding CMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capstead Mortgage Co. (NYSE:CMO).
Receive News & Ratings for Capstead Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstead Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.