Capstead Mortgage Corporation (CMO) : Traders are bullish on Capstead Mortgage Corporation (CMO) as it has outperformed the S&P 500 by a wide margin of 4.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.82% in the last 1 week, and is up 7.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Capstead Mortgage Corporation (NYSE:CMO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.15 and $10.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.43, notching a gain of 2.56% for the day. The total traded volume was 610,116 . The stock had closed at $10.17 on the previous day.
The stock has recorded a 20-day Moving Average of 4.59% and the 50-Day Moving Average is 7.44%. Capstead Mortgage Corp. is up 9.97% in the last 3-month period. Year-to-Date the stock performance stands at 25.61%.
Capstead Mortgage Corporation (CMO) : 3 investment research analysts covering Capstead Mortgage Corporation (CMO) have an average price target of $10.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $10 for the short term. Analysts expect the variance to be within $1.01 of the average price.
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.