CAPSTEAD Mtg Co/SH (CMO) Downgraded by Keefe, Bruyette & Woods to Underperform

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Keefe, Bruyette & Woods downgraded shares of CAPSTEAD Mtg Co/SH (NYSE:CMO) from a market perform rating to an underperform rating in a report released on Monday, MarketBeat.com reports. They currently have $5.50 target price on the real estate investment trust’s stock, down from their prior target price of $8.50.

A number of other research analysts also recently commented on CMO. ValuEngine raised shares of CAPSTEAD Mtg Co/SH from a sell rating to a hold rating in a research report on Thursday, July 5th. JMP Securities downgraded shares of CAPSTEAD Mtg Co/SH from a market perform rating to an underperform rating in a research report on Tuesday, July 31st.

Shares of CMO opened at $6.86 on Monday. CAPSTEAD Mtg Co/SH has a 52 week low of $6.58 and a 52 week high of $9.37. The company has a market cap of $669.72 million, a P/E ratio of 14.65 and a beta of 0.09. The company has a current ratio of 7.17, a quick ratio of 10.41 and a debt-to-equity ratio of 13.47.

CAPSTEAD Mtg Co/SH (NYSE:CMO) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). CAPSTEAD Mtg Co/SH had a net margin of 23.79% and a return on equity of 6.65%. The company had revenue of $68.00 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, September 28th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Thursday, September 27th.

In other CAPSTEAD Mtg Co/SH news, CEO Phillip A. Reinsch bought 20,000 shares of CAPSTEAD Mtg Co/SH stock in a transaction on Wednesday, October 31st. The stock was purchased at an average cost of $6.79 per share, for a total transaction of $135,800.00. Following the completion of the purchase, the chief executive officer now directly owns 264,226 shares of the company’s stock, valued at $1,794,094.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lance Phillips bought 10,000 shares of CAPSTEAD Mtg Co/SH stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $6.81 per share, with a total value of $68,100.00. Following the completion of the purchase, the chief financial officer now directly owns 23,081 shares of the company’s stock, valued at $157,181.61. The disclosure for this purchase can be found here. Insiders have purchased 65,000 shares of company stock worth $440,100 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in CAPSTEAD Mtg Co/SH in the second quarter valued at approximately $107,000. Verition Fund Management LLC acquired a new stake in CAPSTEAD Mtg Co/SH in the first quarter valued at approximately $112,000. Paloma Partners Management Co acquired a new stake in CAPSTEAD Mtg Co/SH in the second quarter valued at approximately $125,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CAPSTEAD Mtg Co/SH in the second quarter valued at approximately $158,000. Finally, Telemus Capital LLC acquired a new stake in CAPSTEAD Mtg Co/SH in the second quarter valued at approximately $158,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.

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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