Analyst Price Target Update on Capstead Mortgage Corporation (NYSE:CMO)

Capstead Mortgage Corporation (NYSE:CMO): The stock price is expected to reach $ 11.13 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $12 while the lower estimate is at $11. The standard deviation of the price stands at $0.53.

Many analysts have stated their opinion on the company shares. Wells Fargo upgrades their rating on the shares of Capstead Mortgage Corporation (NYSE:CMO). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 11, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The officer (CFO & EVP), of Capstead Mortgage Corp, Reinsch Phillip A had unloaded 110,000 shares at $12.76 per share in a transaction on December 22, 2014. The total value of transaction was $1,403,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Capstead Mortgage Corporation (NYSE:CMO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 2.15% at $9.56 with 1,270,488 shares getting traded. Post opening the session at $9.79, the shares hit an intraday low of $9.56 and an intraday high of $9.8 and the price was in this range throughout the day. The company has a market cap of $917 million and the number of outstanding shares have been calculated to be 95,947,090 shares. The 52-week high of Capstead Mortgage Corporation (NYSE:CMO) is $11.94 and the 52-week low is $7.48.

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 Fannie Mae or Freddie Mac (together, the GSEs), or by an agency of the federal Government, Ginnie Mae. As of December 31, 2014, the Companys long-term investment capital totaled $1.49 billion and consisted of $1.21 billion of common and $184 million of perpetual preferred stockholders equity (recorded amounts) and $100 million of unsecured borrowings. The Company offers residential mortgage securities classified as held-to-maturity.

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