Capstead Mortgage Corp. (NYSE:CMO) has been assigned a $9.50 target price by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Monday. The brokerage presently has a a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 2.96% from the stock’s current price.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Capstead Mortgage Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Wells Fargo & Co. raised shares of Capstead Mortgage Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.75.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded down 2.68% during trading on Monday, hitting $9.79. 968,735 shares of the stock traded hands. The firm’s 50-day moving average price is $10.10 and its 200-day moving average price is $9.84. The stock has a market cap of $939.72 million, a PE ratio of 11.38 and a beta of 0.45. Capstead Mortgage Corp. has a 12 month low of $7.48 and a 12 month high of $10.64.
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Capstead Mortgage Corp. (NYSE:CMO) last posted its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Capstead Mortgage Corp. had a net margin of 44.67% and a return on equity of 8.90%. During the same quarter in the previous year, the firm earned $0.22 EPS. Analysts anticipate that Capstead Mortgage Corp. will post $0.83 EPS for the current year.
Several institutional investors have modified their holdings of the company. Sippican Capital Advisors boosted its position in shares of Capstead Mortgage Corp. by 16.1% in the second quarter. Sippican Capital Advisors now owns 18,425 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,550 shares during the last quarter. WealthTrust Axiom LLC raised its stake in Capstead Mortgage Corp. by 3.0% in the second quarter. WealthTrust Axiom LLC now owns 20,900 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 609 shares during the period. Strs Ohio raised its stake in Capstead Mortgage Corp. by 3.6% in the second quarter. Strs Ohio now owns 31,800 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 1,100 shares during the period. Creative Planning raised its stake in Capstead Mortgage Corp. by 35.9% in the second quarter. Creative Planning now owns 24,465 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 6,469 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Capstead Mortgage Corp. by 117.1% in the second quarter. BNP Paribas Arbitrage SA now owns 30,123 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 16,250 shares during the period. 66.90% of the stock is owned by institutional investors and hedge funds.
About Capstead Mortgage Corp.
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).
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