CAPSTEAD MTG CO/SH (CMO) Position Lowered by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) by 5.8% in the first quarter, HoldingsChannel.com reports. The firm owned 131,966 shares of the real estate investment trust’s stock after selling 8,062 shares during the quarter. Arizona State Retirement System’s holdings in CAPSTEAD MTG CO/SH were worth $1,134,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of CAPSTEAD MTG CO/SH by 0.8% during the 4th quarter. BlackRock Inc. now owns 15,625,112 shares of the real estate investment trust’s stock worth $104,220,000 after purchasing an additional 117,748 shares during the period. Vanguard Group Inc boosted its stake in shares of CAPSTEAD MTG CO/SH by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 9,445,465 shares of the real estate investment trust’s stock worth $74,714,000 after purchasing an additional 162,692 shares during the period. Vanguard Group Inc. boosted its stake in shares of CAPSTEAD MTG CO/SH by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,445,465 shares of the real estate investment trust’s stock worth $74,714,000 after purchasing an additional 162,692 shares during the period. Paradice Investment Management LLC boosted its stake in shares of CAPSTEAD MTG CO/SH by 0.7% during the 4th quarter. Paradice Investment Management LLC now owns 6,586,578 shares of the real estate investment trust’s stock worth $43,932,000 after purchasing an additional 44,037 shares during the period. Finally, Norges Bank purchased a new position in shares of CAPSTEAD MTG CO/SH during the 4th quarter worth about $10,313,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on CMO shares. JMP Securities raised shares of CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Keefe, Bruyette & Woods raised shares of CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $7.00 to $8.50 in a research note on Sunday, February 24th.

CMO stock opened at $8.49 on Thursday. CAPSTEAD MTG CO/SH has a 12 month low of $6.58 and a 12 month high of $9.37. The company has a debt-to-equity ratio of 13.91, a current ratio of 7.61 and a quick ratio of 7.61. The stock has a market cap of $711.17 million, a P/E ratio of 27.70 and a beta of 0.63.

CAPSTEAD MTG CO/SH (NYSE:CMO) last released its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $84.23 million during the quarter. CAPSTEAD MTG CO/SH had a net margin of 7.86% and a return on equity of 5.41%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 29th were given a $0.08 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.32 annualized dividend and a yield of 3.77%.

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About CAPSTEAD MTG CO/SH

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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Institutional Ownership by Quarter for CAPSTEAD MTG CO/SH (NYSE:CMO)

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