State of Tennessee Treasury Department increased its stake in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) by 13.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 70,471 shares of the real estate investment trust’s stock after acquiring an additional 8,623 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of CAPSTEAD MTG CO/SH worth $518,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in CAPSTEAD MTG CO/SH by 83.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,291 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 3,306 shares during the last quarter. Bank of Montreal Can increased its holdings in CAPSTEAD MTG CO/SH by 769.6% during the 2nd quarter. Bank of Montreal Can now owns 8,044 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 7,119 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in CAPSTEAD MTG CO/SH during the 1st quarter worth approximately $67,000. Clear Harbor Asset Management LLC purchased a new stake in CAPSTEAD MTG CO/SH during the 2nd quarter worth approximately $167,000. Finally, Envestnet Asset Management Inc. increased its holdings in CAPSTEAD MTG CO/SH by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,386 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 2,825 shares during the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.
CMO stock opened at $7.70 on Friday. The company has a quick ratio of 12.19, a current ratio of 12.19 and a debt-to-equity ratio of 12.66. CAPSTEAD MTG CO/SH has a 52-week low of $6.58 and a 52-week high of $9.25. The stock’s 50 day moving average is $7.58 and its two-hundred day moving average is $8.02. The company has a market capitalization of $718.06 million, a PE ratio of 18.98 and a beta of 0.72.
The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.23%.
CMO has been the topic of several analyst reports. ValuEngine upgraded CAPSTEAD MTG CO/SH from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TheStreet downgraded CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a report on Thursday, July 25th.
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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