APG Asset Management N.V. acquired a new position in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 127,949 shares of the real estate investment trust’s stock, valued at approximately $938,000. APG Asset Management N.V. owned about 0.15% of CAPSTEAD MTG CO/SH as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in shares of 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 buying an additional 3,306 shares during the last quarter. Bank of Montreal Can increased its holdings in CAPSTEAD MTG CO/SH by 769.6% in the 2nd quarter. Bank of Montreal Can now owns 8,044 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 7,119 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in CAPSTEAD MTG CO/SH in the 1st quarter valued at $67,000. Sawtooth Solutions LLC acquired a new stake in CAPSTEAD MTG CO/SH in the 1st quarter valued at $154,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in CAPSTEAD MTG CO/SH in the 2nd quarter valued at $167,000. Institutional investors and hedge funds own 81.38% of the company’s stock.
NYSE:CMO traded up $0.03 on Friday, reaching $7.54. The stock had a trading volume of 305,626 shares, compared to its average volume of 590,413. The company has a current ratio of 15.81, a quick ratio of 15.81 and a debt-to-equity ratio of 14.05. The company has a 50-day moving average of $7.41 and a 200 day moving average of $8.18. The stock has a market cap of $636.91 million, a P/E ratio of 22.55 and a beta of 0.72. CAPSTEAD MTG CO/SH has a 12-month low of $6.58 and a 12-month high of $9.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 6.37%.
Separately, TheStreet downgraded CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a report on Thursday, July 25th.
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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