Capstead Mortgage Corporation (NYSE:CMO) : 2 brokerage houses believe that Capstead Mortgage Corporation (NYSE:CMO) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Capstead Mortgage Corporation (NYSE:CMO). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Capstead Mortgage Corporation (NYSE:CMO) : 2 Wall Street analysts covering Capstead Mortgage Corporation (NYSE:CMO) believe that the average level the stock could reach for the short term is $11.13. The maximum price target given is $12 and the minimum target for short term is around $11, hence the standard deviation is calculated at $0.53.
Company shares have received an average consensus rating of Hold for the current week Also, Wells Fargo upgrades its view on Capstead Mortgage Corporation (NYSE:CMO) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on May 11, 2016.
Capstead Mortgage Corporation (NYSE:CMO): stock turned positive on Tuesday. Though the stock opened at $9.35, the bulls momentum made the stock top out at $9.54 level for the day. The stock recorded a low of $9.25 and closed the trading day at $9.52, in the green by 2.70%. The total traded volume for the day was 1,071,694. The stock had closed at $9.27 in the previous days trading.
In an insider trading activity,The officer (CFO & EVP) of Capstead Mortgage Corp, Reinsch Phillip A sold 110,000 shares at $12.76 on December 22, 2014. The Insider selling transaction had a total value worth of $1,403,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.