Capstead Mortgage (CMO) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Capstead Mortgage (NYSE:CMO) from a hold rating to a buy rating in a report published on Friday.

Separately, BidaskClub upgraded shares of Capstead Mortgage from a strong sell rating to a sell rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $11.00.

Shares of Capstead Mortgage (CMO) traded up $0.04 during midday trading on Friday, reaching $9.11. 682,300 shares of the company traded hands, compared to its average volume of 671,094. Capstead Mortgage has a twelve month low of $8.52 and a twelve month high of $11.41. The company has a market cap of $875.51, a PE ratio of 14.93 and a beta of 0.30. The company has a debt-to-equity ratio of 12.29, a quick ratio of 15.28 and a current ratio of 15.28.

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

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Capstead Mortgage by 1.3% during the 2nd quarter. BlackRock Inc. now owns 14,393,691 shares of the real estate investment trust’s stock worth $150,126,000 after purchasing an additional 180,542 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Capstead Mortgage by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,821,172 shares of the real estate investment trust’s stock worth $92,005,000 after purchasing an additional 29,224 shares during the last quarter. Paradice Investment Management LLC increased its stake in shares of Capstead Mortgage by 4.1% during the 3rd quarter. Paradice Investment Management LLC now owns 5,691,087 shares of the real estate investment trust’s stock worth $54,919,000 after purchasing an additional 224,476 shares during the last quarter. State Street Corp increased its stake in shares of Capstead Mortgage by 1.5% during the 2nd quarter. State Street Corp now owns 2,724,714 shares of the real estate investment trust’s stock worth $28,418,000 after purchasing an additional 41,235 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Capstead Mortgage by 2.1% during the 2nd quarter. Northern Trust Corp now owns 2,603,062 shares of the real estate investment trust’s stock worth $27,150,000 after purchasing an additional 53,399 shares during the last quarter. Institutional investors own 73.03% of the company’s stock.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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