Capstead Mortgage Corp.
Capstead Mortgage Corp. operates as a self-managed real estate investment trust. The company invests in a leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government. Its investment strategy involves managing a conservatively leveraged portfolio of ARM agency securities that can produce attractive risk-adjusted returns over the long term, while reducing, but not eliminating, sensitivity to changes in interest rates. Capstead Mortgage was founded in 1985 and is headquartered in Dallas, TX.