CMO News and Press, Capstead Mortgage Corporation From 10/29/20

Capstead Mortgage Corporation (CMO) Q3 2020 Results Earnings Conference Call October 29, 2020, 10:00 AM ET Company Participants Lindsey Crabbe - Investor Relations Manager Phil Reinsch - President and CEO Robert Spears - Executive Vice President and CIO Lance Phillips - Senior Vice President ...

The dividend is covered by core income but the latter has declined from Q2. Prepayments are still very high though this relates in part to the portfolio holdings which have stabilized. A 20% discount-to-book is attractive though. For further details see: Capstead Mortgag...

Q3 2020 is producing some strong results on mortgage REIT earnings. Core EPS, Net Interest Spread, and Net Interest Margins expanded significantly. When the latest wave of COVID-19 cases calms down, investors should be getting excited about earnings. Discounts to book value (or NA...

Capstead Mortgage (CMO): Q3 FFO of $0.16 in-line.Revenue of $30.89M (+119.9% Y/Y) beats by $3.39M.Agency-guaranteed residential adjustable-rate mortgage portfolio ended the quarter unchanged at $8.3B.Press Release For further details see: Capstead Mortgage FFO in-line, beats on revenue ...

Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: CMO ) today announced financial results for the quarter ended September 30, 2020. Third Quarter 2020 Summary Recognized GAAP net income of $29.1 million or $0.25 per dilute...

Readers love our series on the different types of REITs. We’re bringing a similar layout to preferred shares. There are several options among the mortgage REIT preferred shares we cover. By covering the sector, we’ve got a more detailed view on the individual shares. ...

We’re highlighting Western Asset Mortgage Capital Corp., a very rare entry in our columns. We’re highlighting it because shares are in the neutral range. Shares are getting much closer to the target buy range, and are now quite far from our prior Sell ratings. Discou...

Our latest purchase in the sector is PMT. We think PMT is a great choice today following the substantial decline in share price since the Q2 2020 earnings. PMT has underperformed the most similar mortgage REITs lately. Shares dipped all the way into the strong buy range. PMT carries a...

We’re highlighting two good mortgage REITs trading at substantial discounts to book value: CMO and NYMT. We're bullish on both. Each trades at a large enough discount to offer substantial upside, and the portfolio of MBS they carry is capable of performing well in this environm...

We're highlighting the mortgage REITs with more MSRs today: Bullish ratings on CHMI, TWO, PMT, and NRZ. We highlighted several of these REITs together before. It was 04/06/2020 and responses were mixed. Some investors hated the idea of buying at around 30% of book value. Discounts...