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Capstead Mortgage Corp. (NYSE:CMO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $14.20 price target on the stock. Zacks‘s price target suggests a potential upside of 9.57% from the company’s current price.

Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Capstead Mortgage Corp. in a research note on Thursday, May 1st. They now have a $13.50 price target on the stock. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $12.99.

Shares of Capstead Mortgage Corp. (NYSE:CMO) traded down 0.08% during mid-day trading on Wednesday, hitting $12.95. The stock had a trading volume of 648,154 shares. Capstead Mortgage Corp. has a 52 week low of $11.08 and a 52 week high of $13.43. The stock’s 50-day moving average is $13.14 and its 200-day moving average is $12.76. The company has a market cap of $1.240 billion and a P/E ratio of 13.08.

Capstead Mortgage Corp. (NYSE:CMO) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. On average, analysts predict that Capstead Mortgage Corp. will post $1.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Thursday, June 26th.

Capstead Mortgage Corporation (NYSE:CMO) operates as a self-managed real estate investment trust (REIT).

To view Zacks’ full report, visit Zacks’ official website.

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