BidaskClub upgraded shares of Capstead Mortgage Corporation (NYSE:CMO) from a hold rating to a buy rating in a research note released on Wednesday morning.

CMO has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.00 price objective on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. Zacks Investment Research cut shares of Capstead Mortgage Corporation from a hold rating to a sell rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $11.00.

Capstead Mortgage Corporation (CMO) traded down 0.18% on Wednesday, reaching $10.92. 172,928 shares of the company traded hands. Capstead Mortgage Corporation has a 52-week low of $8.93 and a 52-week high of $11.41. The firm has a market cap of $1.05 billion, a P/E ratio of 16.80 and a beta of 0.39. The stock has a 50-day moving average price of $10.66 and a 200-day moving average price of $10.55.

Capstead Mortgage Corporation (NYSE:CMO) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. Capstead Mortgage Corporation had a net margin of 37.49% and a return on equity of 7.61%. The business had revenue of $54.99 million during the quarter, compared to analysts’ expectations of $23.25 million. During the same quarter in the previous year, the company earned $0.25 EPS. Analysts anticipate that Capstead Mortgage Corporation will post $0.80 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CMO. Elkfork Partners LLC acquired a new stake in shares of Capstead Mortgage Corporation during the first quarter valued at $105,000. Denver Investment Advisors LLC acquired a new stake in shares of Capstead Mortgage Corporation during the first quarter valued at $106,000. State of Alaska Department of Revenue boosted its stake in shares of Capstead Mortgage Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 10,590 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 200 shares during the period. Infrastructure Capital Advisors LLC acquired a new stake in shares of Capstead Mortgage Corporation during the fourth quarter valued at $115,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Capstead Mortgage Corporation during the first quarter valued at $117,000. Institutional investors and hedge funds own 72.34% of the company’s stock.

Capstead Mortgage Corporation 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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