Capstead Mortgage Corporation (CMO) : Analyst Rating Update

Capstead Mortgage Corporation (CMO) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Capstead Mortgage Corporation (CMO) : Average target price received by Capstead Mortgage Corporation (CMO) is $11.13 with an expected standard deviation of $0.53. The most aggressive target on the stock is $12, whereas the most downbeat target is $11. 2 financial analysts are currently covering the stock.

Capstead Mortgage Corporation (NYSE:CMO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.71 and $9.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.82, notching a gain of 1.13% for the day. The total traded volume was 607,354 . The stock had closed at $9.71 on the previous day.

Also, Equity Analysts at the Wells Fargo upgrades the rating on Capstead Mortgage Corporation (NYSE:CMO). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 11, 2016. The company shares have dropped -16.72% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $11.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.71 and the 200 Day Moving Average price is recorded at $9.50.

Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by Government-sponsored enterprises (GSEs), either Fannie Mae or Freddie Mac (together, the GSEs), or by an agency of the federal Government, Ginnie Mae. As of December 31, 2014, the Companys long-term investment capital totaled $1.49 billion and consisted of $1.21 billion of common and $184 million of perpetual preferred stockholders equity (recorded amounts) and $100 million of unsecured borrowings. The Company offers residential mortgage securities classified as held-to-maturity.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.