Keefe, Bruyette & Woods Reaffirms Buy Rating for Capstead Mortgage (CMO)

Capstead Mortgage (NYSE:CMO)‘s stock had its “buy” rating reiterated by Keefe, Bruyette & Woods in a research note issued to investors on Friday. They currently have a $9.50 target price on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.98% from the company’s current price.

Separately, ValuEngine raised Capstead Mortgage from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.50.

Capstead Mortgage (NYSE CMO) opened at $8.56 on Friday. The company has a debt-to-equity ratio of 12.58, a quick ratio of 15.28 and a current ratio of 12.11. The company has a market capitalization of $819.17, a P/E ratio of 13.38 and a beta of 0.18. Capstead Mortgage has a twelve month low of $8.17 and a twelve month high of $11.41.

Capstead Mortgage (NYSE:CMO) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $24.55 million. Capstead Mortgage had a return on equity of 7.56% and a net margin of 34.10%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share.

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank grew its stake in Capstead Mortgage by 1.1% in the second quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 139 shares during the period. Suntrust Banks Inc. grew its stake in Capstead Mortgage by 1.4% in the second quarter. Suntrust Banks Inc. now owns 15,776 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 225 shares during the period. PNC Financial Services Group Inc. grew its stake in Capstead Mortgage by 1.8% in the second quarter. PNC Financial Services Group Inc. now owns 17,487 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 308 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Capstead Mortgage in the second quarter worth $216,000. Finally, SG Americas Securities LLC purchased a new stake in Capstead Mortgage in the third quarter worth $223,000. 73.06% of the stock is currently owned by institutional investors.

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Capstead Mortgage Company Profile

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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