Just released: "Capstead Mortgage Corporation (CMO) (“Capstead” or the “Company”) today 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."
Interesting. "Shares of Capstead Mortgage Corporation (NYSE:CMO) lose Wednesday’s post-earnings gain as its management debunks, via its earnings call, any notion of a buyback. Chief Executive Andrew Jacobs remarked that there exist more lucrative methods for the company to deploy its capital". Wall St. Cheat Sheet, 10/26/2012. What could it all mean?
Repurchase of shares is usually good sign for the company financial situation but not REITs. That is the sign that REIT does not have investment field to use its money. The only good thing about it is that you dont have to worry about SPO for a while.