Analysts Set Capstead Mortgage Corp. (NYSE:CMO) Price Target at $10.67
Shares of Capstead Mortgage Corp. (NYSE:CMO) have earned an average rating of “Hold” from the six research firms that are covering the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.67.
CMO has been the subject of several research analyst reports. Zacks Investment Research cut Capstead Mortgage Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Keefe, Bruyette & Woods set a $9.50 price target on Capstead Mortgage Corp. and gave the company a “market perform” rating in a research report on Monday, August 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in CMO. Pacad Investment Ltd. bought a new position in shares of Capstead Mortgage Corp. during the first quarter valued at $103,000. Amalgamated Bank raised its stake in shares of Capstead Mortgage Corp. by 10.4% in the second quarter. Amalgamated Bank now owns 11,370 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,067 shares during the last quarter. PineBridge Investments L.P. raised its stake in shares of Capstead Mortgage Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 12,169 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 447 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Capstead Mortgage Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,387 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,623 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Capstead Mortgage Corp. during the second quarter valued at approximately $144,000. Institutional investors own 66.38% of the company’s stock.
Shares of Capstead Mortgage Corp. (NYSE:CMO) opened at 9.33 on Thursday. The stock has a market capitalization of $895.57 million, a PE ratio of 10.85 and a beta of 0.36. Capstead Mortgage Corp. has a one year low of $7.48 and a one year high of $10.54. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $9.85.
Capstead Mortgage Corp. (NYSE:CMO) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. Capstead Mortgage Corp. had a return on equity of 8.90% and a net margin of 44.67%. During the same period in the previous year, the firm earned $0.22 earnings per share. Equities research analysts predict that Capstead Mortgage Corp. will post $0.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Wednesday, September 28th. Capstead Mortgage Corp.’s dividend payout ratio is currently 104.55%.
About Capstead Mortgage Corp.
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 the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).
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