Capstead Mortgage Corporation (CMO) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.25 EPS for the quarter. Analysts had a consensus estimate of $0.25. Analysts expectations of $32.28 million. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Capstead Mortgage Corporation. Capstead Mortgage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Apr 11, 2016. 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 .
Capstead Mortgage Corporation opened for trading at $9.76 and hit $9.78 on the upside on Friday, eventually ending the session at $9.76, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 6,10,485 shares. Company has a market cap of $936 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.