Capstead Mortgage (NYSE:CMO) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports.

Several other research firms have also issued reports on CMO. BidaskClub raised shares of Capstead Mortgage from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.00.

Capstead Mortgage (NYSE:CMO) traded down $0.03 during midday trading on Thursday, hitting $9.10. 353,700 shares of the stock traded hands, compared to its average volume of 669,171. Capstead Mortgage has a one year low of $8.52 and a one year high of $11.41. The company has a current ratio of 15.28, a quick ratio of 15.28 and a debt-to-equity ratio of 12.29. The company has a market capitalization of $877.43, a price-to-earnings ratio of 14.97 and a beta of 0.30.

Capstead Mortgage (NYSE:CMO) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). Capstead Mortgage had a net margin of 34.00% and a return on equity of 7.16%. The business had revenue of $57.44 million during the quarter, compared to the consensus estimate of $24.10 million. During the same period last year, the firm earned $0.13 EPS.

A number of institutional investors have recently bought and sold shares of CMO. Crow Point Partners increased its holdings in Capstead Mortgage by 26.4% during the 3rd quarter. Crow Point Partners now owns 3,500 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 730 shares during the period. Pacad Investment Ltd. bought a new stake in Capstead Mortgage during the 1st quarter worth approximately $103,000. Elkfork Partners LLC bought a new stake in Capstead Mortgage during the 1st quarter worth approximately $105,000. Denver Investment Advisors LLC bought a new stake in Capstead Mortgage during the 1st quarter worth approximately $106,000. Finally, State of Alaska Department of Revenue grew its stake in Capstead Mortgage by 1.9% in the 1st 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 in the last quarter. 73.03% of the stock is currently owned by institutional investors and hedge funds.

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About Capstead Mortgage

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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