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.
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.
TRADEMARK VIOLATION NOTICE: “Keefe, Bruyette & Woods Reaffirms Buy Rating for Capstead Mortgage (CMO)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/03/keefe-bruyette-woods-reaffirms-buy-rating-for-capstead-mortgage-cmo.html.
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).
Receive News & Ratings for Capstead Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstead Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.