CMO News and Press, Capstead Mortgage Corporation From 05/19/21

One of our strong buy ratings from 2020 needs an update. GPMT destroyed the bears. GPMT was priced for disaster. It never happened. Unless someone was shorting GPMT. That person would have a disaster. Spreads between assets and hedges in agency and non-agency mREITs (ignores comme...

Several mortgage REITs are trading around book value. Thanks to changes in the spreads on agency MBS, book value has also increased substantially. The remaining risk/reward profile is significantly less appealing. The 3 REITs we highlight here have done a better job at protecting ...

We see another BDC where the price is pushing up close to trailing book value. The share price has hardly ever exceeded trailing BV in the last 6 years. So that doesn’t look like a good starting point. The book value per share has generally trended downward since early 2015...

The rally in many high-yield investments is getting out of hand. We’re seeing price-to-book ratios flying well above their normal levels. The increasing prices should cause significant concern, but it appears many investors are feeling complacent about risk after an easy ma...

Image source: The Motley Fool. Capstead Mortgage Corp (NYSE: CMO) Q1 2021 Earnings Call Apr 29, 2021 , 10:00 a.m. ET Operator Continue reading For further details see: Capstead Mortgage Corp (CMO) Q1 2021 Earnings Call Transcript

Capstead Mortgage Corporation (CMO) Q1 2021 Earnings Conference Call April 29, 2021 10:00 AM ET Company Participants Lindsey Crabbe - Manager, IR Phil Reinsch - President and CEO Robert Spears - EVP and CIO Lance Phillips - SVP and CFO Conference Call Participants Steve DeLaney - JMP Securiti...

We’ve got a few larger positions in our portfolio. They are generally in shares where the price is quite steady. One of those positions is in ARR-C. The shares carry a fixed-rate dividend at 7%, which is a material return in a relatively expensive market. The monthly divide...

Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: CMO ) today announced financial results for the quarter ended March 31, 2021. First Quarter 2021 Summary Recognized GAAP net income of $18.9 million or $0.15 per di...

The stock market today doesn’t have as many bargains. Plenty of amateurs may be hunting for high yields. What do they like besides dividends? Hopefully, some rhymes. It's an opportunity to get educated about mortgage REITs, share issuance, and the impact of interest rates. ...

The market is getting more expensive. There’s no way around it. Investors should be cautious, but most are apathetic. There are still a few mortgage REITs trading at favorable discounts with some upside built in. There aren't many, so buying blindly is an exceptionally poor pla...