Capstead Mortgage Corporation (CMO) Releases Earnings Results, Misses Estimates By $0.07 EPS
Capstead Mortgage Corporation (NYSE:CMO) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Bloomberg Earnings reports. Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. During the same period in the previous year, the company posted $0.13 EPS.
Shares of Capstead Mortgage Corporation (CMO) opened at 9.29 on Thursday. The firm has a market cap of $892.81 million, a PE ratio of 15.23 and a beta of 0.38. The company’s 50-day moving average price is $9.62 and its 200-day moving average price is $10.18. Capstead Mortgage Corporation has a 52-week low of $9.22 and a 52-week high of $11.41.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a yield of 8.18%. Capstead Mortgage Corporation’s payout ratio is 124.59%.
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A number of research analysts have recently weighed in on CMO shares. BidaskClub upgraded Capstead Mortgage Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research raised Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Capstead Mortgage Corporation currently has a consensus rating of “Hold” and an average price target of $11.00.
Capstead Mortgage Corporation Company Profile
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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