Capstead Mortgage Corp. Downgraded to “Market Perform” at Keefe, Bruyette & Woods (CMO)
Capstead Mortgage Corp. (NYSE:CMO) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on CMO. Analysts at Compass Point downgraded shares of Capstead Mortgage Corp. to a “neutral” rating in a research note to investors on Wednesday. Analysts at Zacks upgraded shares of Capstead Mortgage Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $12.40 price target on the stock. Seven investment analysts have rated the stock with a hold rating, Capstead Mortgage Corp. has a consensus rating of “Hold” and an average target price of $12.29.
Capstead Mortgage Corp. (NYSE:CMO) opened at 12.59 on Thursday. Capstead Mortgage Corp. has a 1-year low of $11.08 and a 1-year high of $13.28. The stock’s 50-day moving average is $12.24 and its 200-day moving average is $11.9. The company has a market cap of $1.206 billion and a price-to-earnings ratio of 14.19.
Capstead Mortgage Corp. (NYSE:CMO) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.04. During the same quarter last year, the company posted $0.31 earnings per share. On average, analysts predict that Capstead Mortgage Corp. will post $1.12 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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