Capstead Mortgage Corporation Buyback
OLI recorded this information on 10/30/2012
Company:
Capstead Mortgage Corporation
Buyback:
CMO buyback
$Amount Announced Repurchased:
$100,000,000
Buyback Details:
Capstead Mortgage Corporation announced that its Board of Directors has authorized the repurchase of up to $100 million of its outstanding common shares. In connection with implementing this repurchase program, the Company has suspended its at-the-market, continuous offering program used to issue common shares.
Capstead Mortgage operates as a self-managed real estate investment trust. Co.'s investment strategy involves managing and earning a financing spread on a portfolio of residential mortgage pass-through securities consisting primarily of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, or by an agency of the federal government, Government National Mortgage Association.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CMO Stock Forecast Based on Zacks ABR data; powered by Xignite |
