Capstead Mortgage Corporation (NYSE:CMO) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

CMO has been the topic of a number of other research reports. Zacks Investment Research raised Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Capstead Mortgage Corporation in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $11.00.

Capstead Mortgage Corporation (CMO) traded down 0.31% during mid-day trading on Friday, reaching $9.75. The company’s stock had a trading volume of 1,086,009 shares. Capstead Mortgage Corporation has a 1-year low of $8.93 and a 1-year high of $11.41. The firm has a market capitalization of $936.61 million, a price-to-earnings ratio of 15.98 and a beta of 0.38. The firm has a 50-day moving average of $10.54 and a 200 day moving average of $10.59.

Capstead Mortgage Corporation (NYSE:CMO) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.06. Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. The firm had revenue of $56.34 million during the quarter, compared to analyst estimates of $26.13 million. During the same period in the previous year, the company earned $0.19 earnings per share. Equities analysts expect that Capstead Mortgage Corporation will post $0.80 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC acquired a new position in Capstead Mortgage Corporation during the first quarter worth approximately $105,000. Denver Investment Advisors LLC acquired a new position in Capstead Mortgage Corporation during the first quarter worth approximately $106,000. State of Alaska Department of Revenue increased its position in Capstead Mortgage Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 10,590 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 200 shares during the period. Stevens Capital Management LP acquired a new position in Capstead Mortgage Corporation during the first quarter worth approximately $117,000. Finally, Honkamp Krueger Financial Services Inc. increased its position in Capstead Mortgage Corporation by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,621 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 71 shares during the period. 72.04% of the stock is currently owned by institutional investors and hedge funds.

About Capstead Mortgage Corporation

Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).

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