Capstead Mortgage Corporation (CMO) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Capstead Mortgage Corporation. Shares were Reiterated by Maxim Group on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 11.50 from a previous price target of $12 .
On the company’s financial health, Capstead Mortgage Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.24.Analysts expectations of $ 30.41.During the same quarter in the previous year, the company posted $0.31 EPS.
Capstead Mortgage Corporation opened for trading at $9.71 and hit $9.89 on the upside on Monday, eventually ending the session at $9.82, with a gain of 0.20% or 0.02 points. The heightened volatility saw the trading volume jump to 24,02,624 shares. Company has a market cap of $942 M.
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 Company’s 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.