Capstead Mortgage Corporation (NYSE:CMO) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, October 20th. This represents a $0.76 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend is Thursday, September 28th.
Capstead Mortgage Corporation has decreased its dividend payment by an average of 7.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Capstead Mortgage Corporation has a dividend payout ratio of 95.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
Capstead Mortgage Corporation (NYSE CMO) opened at 9.43 on Friday. The firm has a market cap of $905.78 million, a P/E ratio of 15.45 and a beta of 0.36. The stock’s 50 day moving average is $9.66 and its 200 day moving average is $10.36. Capstead Mortgage Corporation has a one year low of $8.93 and a one year high of $11.41.
Capstead Mortgage Corporation (NYSE:CMO) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $56.34 million during the quarter, compared to analyst estimates of $26.13 million. Capstead Mortgage Corporation had a net margin of 35.05% and a return on equity of 7.31%. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, equities research analysts expect that Capstead Mortgage Corporation will post $0.75 earnings per share for the current year.
A number of brokerages recently commented on CMO. BidaskClub upgraded Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 price target on shares of Capstead Mortgage Corporation in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded 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 issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.00.
About Capstead Mortgage Corporation
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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