Keefe Bruyette & Woods Maintains Capstead Mortgage Corporation to Market Perform with Price Target $9.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Capstead Mortgage Corporation(NYSE:CMO). In a research note issued to the investors, the brokerage major Lowers the price-target to $9.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

In a different note, On May 11, 2016, Wells Fargo said it Upgrades its rating on Capstead Mortgage Corporation. The shares have been rated ‘Outperform’ by the firm.

Capstead Mortgage Corporation (CMO) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -0.67% at a volume of 4,49,161. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.46. The peak price level was also seen at $10.46 while the days lowest was $10.36. Finally the shares closed at $10.36. The 52-week high of the shares is $10.96 while the 52-week low is $7.48. According to the latest information available, the market cap of the company is $994 M.

Capstead Mortgage Corporation(CMO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $53.44M. Analysts had an estimated revenue of $55.80M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.23.

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 Company’s 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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