Capstead Mortgage Corporation (CMO) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on May 11, 2016.
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.
On the company’s financial health, Capstead Mortgage Corporation reported $0.25 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.25.Analysts expectations of $ 32.28.During the same quarter in the previous year, the company posted $0.32 EPS.
Capstead Mortgage Corporation opened for trading at $9.69 and hit $9.76 on the upside on Tuesday, eventually ending the session at $9.72, with a gain of 0.41% or 0.04 points. The heightened volatility saw the trading volume jump to 7,23,070 shares. Company has a market cap of $933 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.