Capstead Mortgage (NYSE:CMO) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.

CMO has been the subject of several other research reports. ValuEngine upgraded shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub upgraded shares of Capstead Mortgage from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

Shares of Capstead Mortgage (CMO) traded down $0.03 on Thursday, hitting $9.10. The stock had a trading volume of 353,700 shares, compared to its average volume of 669,171. The firm has a market cap of $877.43, a P/E ratio of 14.97 and a beta of 0.30. The company has a quick ratio of 15.28, a current ratio of 15.28 and a debt-to-equity ratio of 12.29. Capstead Mortgage has a fifty-two week low of $8.52 and a fifty-two week high of $11.41.

Capstead Mortgage (NYSE:CMO) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). Capstead Mortgage had a return on equity of 7.16% and a net margin of 34.00%. The business had revenue of $57.44 million during the quarter, compared to analyst estimates of $24.10 million. During the same period in the previous year, the firm earned $0.13 earnings per share.

Several institutional investors have recently modified their holdings of the business. California Public Employees Retirement System raised its position in shares of Capstead Mortgage by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 360,154 shares of the real estate investment trust’s stock valued at $3,475,000 after acquiring an additional 21,554 shares during the last quarter. Penn Mutual Life Insurance Co increased its position in shares of Capstead Mortgage by 14.0% in the 3rd quarter. Penn Mutual Life Insurance Co now owns 473,000 shares of the real estate investment trust’s stock valued at $4,566,000 after buying an additional 58,000 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Capstead Mortgage by 68.6% in the 3rd quarter. Mackenzie Financial Corp now owns 37,810 shares of the real estate investment trust’s stock valued at $365,000 after buying an additional 15,386 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Capstead Mortgage in the 3rd quarter valued at $571,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Capstead Mortgage by 1.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 647,193 shares of the real estate investment trust’s stock valued at $6,246,000 after buying an additional 6,881 shares in the last quarter. Institutional investors own 73.03% of the company’s stock.

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Capstead Mortgage Company Profile

Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).

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