Bank of New York Mellon Corp decreased its position in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,082,532 shares of the real estate investment trust’s stock after selling 14,594 shares during the period. Bank of New York Mellon Corp’s holdings in CAPSTEAD MTG CO/SH were worth $8,563,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in CMO. Bank of America Corp DE boosted its stake in shares of CAPSTEAD MTG CO/SH by 21.9% during the 2nd quarter. Bank of America Corp DE now owns 342,517 shares of the real estate investment trust’s stock worth $3,065,000 after acquiring an additional 61,472 shares in the last quarter. Bessemer Group Inc. lifted its stake in CAPSTEAD MTG CO/SH by 107.2% in the 3rd quarter. Bessemer Group Inc. now owns 95,500 shares of the real estate investment trust’s stock valued at $755,000 after buying an additional 49,400 shares in the last quarter. Alps Advisors Inc. lifted its stake in CAPSTEAD MTG CO/SH by 37.5% in the 3rd quarter. Alps Advisors Inc. now owns 121,978 shares of the real estate investment trust’s stock valued at $965,000 after buying an additional 33,282 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in CAPSTEAD MTG CO/SH in the 2nd quarter valued at approximately $169,000. Finally, Clear Harbor Asset Management LLC lifted its stake in CAPSTEAD MTG CO/SH by 45.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 40,220 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 12,475 shares in the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John L. Bernard bought 20,000 shares of CAPSTEAD MTG CO/SH stock in a transaction that occurred on Monday, February 4th. The shares were purchased at an average price of $7.51 per share, with a total value of $150,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.
CAPSTEAD MTG CO/SH (NYSE:CMO) last posted its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAPSTEAD MTG CO/SH had a net margin of 18.10% and a return on equity of 5.66%. The company had revenue of $73.53 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Monday, December 31st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Friday, December 28th.
A number of equities research analysts recently issued reports on CMO shares. Keefe, Bruyette & Woods lowered CAPSTEAD MTG CO/SH from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $8.50 to $5.50 in a research note on Monday, October 29th. ValuEngine raised CAPSTEAD MTG CO/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th.
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CAPSTEAD MTG CO/SH Company Profile
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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