CMO News and Press, Capstead Mortgage Corporation From 02/01/21

As predicted, IVR issues new shares. You can’t be surprised, we told you on 1/26/2021 that IVR should be looking to issue shares. Shares of IVR just closed at $4.01, which is about equal to management’s stated BV range for 1/31/2021 of $4.00 to $4.10. We remain beari...

U.S. equity markets posted their worst week since October amid an ongoing "short squeeze saga" that raised questions regarding market stability, overshadowing a strong week of earnings reports and economic data. Impacted by the fallout from the ongoing battle between institutiona...

Today we're focusing in on preferred share opportunities. Specifically, we like CMO-E, CIM-A, TWO-D, and TWO-E among the fixed-rate opportunities. Each offers a solid yield and still has a modest discount to call value. In this series, we’re providing readers with discounts...

Image source: The Motley Fool. Capstead Mortgage Corp (NYSE: CMO) Q4 2020 Earnings Call Jan 28, 2021 , 9:00 a.m. ET Operator Continue reading For further details see: Capstead Mortgage Corp (CMO) Q4 2020 Earnings Call Transcript

Capstead Mortgage Corporation (CMO) Q4 2020 Earnings Conference Call January 28, 2021 9:00 am ET Company Participants Phil Reinsch - President, Chief Executive Officer Robert Spears - Executive Vice President, Chief Investment Officer Lance Phillips - Senior Vice President, Chief Financial Of...

Capstead Mortgage (CMO) Q4 core earnings fell slightly from Q3 levels as yields on agency residential ARM securities declined due to lower coupon interest rates on acquisitions and on existing loans that reset lower based on prevailing interest rates, as well as higher yield adjustments ...

Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: CMO ) today announced financial results for the quarter ended December 31, 2020. Fourth Quarter 2020 Summary Recognized GAAP net income of $23.3 million or $0.19 per dilute...

Some mortgage REITs are trading at significant premiums to book value per share. When that happens, issuing new shares is wise. One mortgage REIT already took advantage of favorable pricing to issue new shares. That’s intelligent and expected. IVR and MITT should be looking...

There are a few mistakes we’ve seen in analyzing mortgage REITs. These can stem from misconceptions about how they work. Investors who understand mortgage REITs better are putting themselves in a better position for investing. In this series, we’re providing readers ...

CMO still trades at a large discount to projected book value. We’re estimating the current price-to-book is around 0.84. That’s a 16% discount. We frequently find trading opportunities in the common shares of the mortgage REITs where the market is applying different valu...