Capstead Mortgage Corporation (CMO) has risen sharply, recording gains of 0.1% in the past 4 weeks. However, the stock has corrected -1.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.24% and the fifty day Moving Average is 0.36%. Capstead Mortgage Corp. is up 6.21% in the last three month period. Year-to-Date the stock performance stands at 19.95%.
Capstead Mortgage Corporation (CMO) : The highest level Capstead Mortgage Corporation (CMO) is projected to reach is $12 for the short term and the lowest estimate is at $10. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $10.58 and the possibility the share price can swing is $1.01.
Capstead Mortgage Corporation (NYSE:CMO): On Fridays trading session , Opening price of the stock was $10.12 with an intraday high of $10.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.915. However, the stock managed to close at $9.96, a loss of 1.87% for the day. On the previous day, the stock had closed at $10.15. The total traded volume of the day was 736,294 shares.
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.