Trade Report: Today, Jennison Associates LLC Reduces Position in Capstead Mortgage Corp. (CMO)

Today, Jennison Associates LLC Reduces Position in Capstead Mortgage Corp. (CMO)

Jennison Associates LLC cut its position in shares of Capstead Mortgage Corp. (NYSE:CMO) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 177,269 shares of the real estate investment trust’s stock after selling 3,924 shares during the period. Jennison Associates LLC owned approximately 0.18% of Capstead Mortgage Corp. worth $1,672,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Rothschild Asset Management Inc. acquired a new stake in shares of Capstead Mortgage Corp. during the second quarter worth approximately $7,091,000. Swiss National Bank boosted its stake in shares of Capstead Mortgage Corp. by 2.0% in the second quarter. Swiss National Bank now owns 161,900 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 3,200 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Capstead Mortgage Corp. by 5.8% in the second quarter. Suntrust Banks Inc. now owns 15,316 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 844 shares during the last quarter. Societe Generale acquired a new stake in shares of Capstead Mortgage Corp. during the second quarter worth approximately $239,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Capstead Mortgage Corp. during the second quarter worth approximately $408,000. 65.99% of the stock is owned by institutional investors and hedge funds.

Capstead Mortgage Corp. (NYSE:CMO) opened at 10.36 on Friday. The stock has a market capitalization of $994.44 million, a PE ratio of 12.79 and a beta of 0.33. The company’s 50-day moving average is $9.56 and its 200 day moving average is $9.77. Capstead Mortgage Corp. has a 12-month low of $7.48 and a 12-month high of $10.46.

Capstead Mortgage Corp. (NYSE:CMO) last released its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Capstead Mortgage Corp. had a return on equity of 8.89% and a net margin of 42.49%. During the same quarter in the previous year, the company posted $0.18 EPS. On average, analysts predict that Capstead Mortgage Corp. will post $0.80 EPS for the current year.

A number of brokerages have recently commented on CMO. TheStreet raised shares of Capstead Mortgage Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Keefe, Bruyette & Woods set a $9.50 target price on shares of Capstead Mortgage Corp. and gave the company a “market perform” rating in a report on Monday, August 1st. Finally, Zacks Investment Research cut shares of Capstead Mortgage Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.75.

In related news, Director Michael G. Oneil sold 8,000 shares of Capstead Mortgage Corp. stock in a transaction on Friday, November 4th. The shares were sold at an average price of $9.52, for a total transaction of $76,160.00. Following the sale, the director now owns 59,087 shares of the company’s stock, valued at approximately $562,508.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Capstead Mortgage Corp. Company Profile

Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).

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