Capstead Mortgage Corporation (CMO) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.19 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.23. Analysts expectations of $29.55 million. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Capstead Mortgage Corporation. Capstead Mortgage Corporation was Upgraded by Wells Fargo to ” Outperform” on May 11, 2016.
Capstead Mortgage Corporation closed down -0.08 points or -0.80% at $9.97 with 5,80,976 shares getting traded on Thursday. Post opening the session at $9.9, the shares hit an intraday low of $9.85 and an intraday high of $10.07 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.