Capstead Mortgage Co. (CMO) Stake Increased by California Public Employees Retirement System

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.

Capstead Mortgage (NYSE:CMO) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). Capstead Mortgage had a net margin of 34.00% and a return on equity of 7.16%. The company had revenue of $57.44 million for the quarter, compared to the consensus estimate of $24.10 million. During the same quarter last year, the business posted $0.13 earnings per share.

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.

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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).

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Institutional Ownership by Quarter for Capstead Mortgage (NYSE:CMO)

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