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More on Capstead Mortgage (CMO) Q4 earnings: Net interest margin declines 17 bps to a barely...

More on Capstead Mortgage (CMO) Q4 earnings: Net interest margin declines 17 bps to a barely visible 1.13%. The 2.2% fall in book value may not bode well for fixed-rate agency REITs. Company repurchased $35M worth of shares in Q4 after $100M authorization on Oct. 30. "We expect 2013 results will be more stable," says Capstead, noting most of the mortgages it holds have rates below prevailing fixed mortgage rates. Shares -0.4% AH. Conference call tomorrow at 9 ET. (PR)
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Comments (2)
  • itscalledcommonsense
    , contributor
    Comments (658) | Send Message
     
    I was there in 1998 with this baby.
    30 Jan 2013, 06:08 PM Reply Like
  • joecap4c
    , contributor
    Comments (64) | Send Message
     
    oh gee .30 dividend, missed estimate by .02 trades at 9% below book. What is afellow to do? I've got it I'll sell and buy C or GE or P&G
    30 Jan 2013, 11:39 PM Reply Like
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