Capstead Mortgage Corp. (CMO) Plans Quarterly Dividend of $0.31
Capstead Mortgage Corp. (NYSE:CMO) declared a quarterly dividend on Thursday, September 12th, Analyst Ratings.Net reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.31 per share on Friday, October 18th. This represents a $1.24 dividend on an annualized basis and a yield of 10.63%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Capstead Mortgage Corp. (NYSE:CMO) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $12.00 price target on the stock. Finally, analysts at Compass Point cut their price target on shares of Capstead Mortgage Corp. (NYSE:CMO) from $14.00 to $13.50 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.22.
Shares of Capstead Mortgage Corp. (NYSE:CMO) opened at 11.66 on Thursday. Capstead Mortgage Corp. has a 52-week low of $10.81 and a 52-week high of $14.59. The stock has a 50-day moving average of $11.75 and a 200-day moving average of $12.33. The company has a market cap of $1.117 billion and a P/E ratio of 11.47.
Capstead Mortgage Corp. (NYSE:CMO) last released its earnings data on Wednesday, July 24th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.90 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 21.7% on a year-over-year basis. On average, analysts predict that Capstead Mortgage Corp. will post $1.06 earnings per share for the current fiscal year.
Capstead Mortgage Corporation (NYSE:CMO) operates as a self-managed real estate investment trust (REIT).
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