Capstead Mortgage Corporation (CMO) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Capstead Mortgage Corporation (CMO) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $10. The average forecast of all the analysts is $10.58 and the expected standard deviation is $1.01.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on Capstead Mortgage Corporation (NYSE:CMO).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods lowers the new price target from $10.25 per share to $9.5 per share. The rating by the firm was issued on August 1, 2016.
Capstead Mortgage Corporation (NYSE:CMO): The stock opened at $10.04 and touched an intraday high of $10.115 on Wednesday. During the day, the stock corrected to an intraday low of $10.01, however, the bulls stepped in and pushed the price higher to close in the green at $10.11 with a gain of 1.10% for the day. The total traded volume for the day was 518,665. The stock had closed at $10 in the previous trading session.
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.