TheStreet upgraded shares of Capstead Mortgage Corp. (NYSE:CMO) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other brokerages have also issued reports on CMO. Keefe, Bruyette & Woods set a $9.50 price target on shares of Capstead Mortgage Corp. and gave the stock a market perform rating in a report on Monday, August 1st. Zacks Investment Research lowered shares of Capstead Mortgage Corp. from a hold rating to a sell rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Capstead Mortgage Corp. presently has an average rating of Hold and an average target price of $10.75.

Shares of Capstead Mortgage Corp. (NYSE:CMO) opened at 10.09 on Wednesday. The company has a market capitalization of $968.52 million, a P/E ratio of 12.46 and a beta of 0.33. Capstead Mortgage Corp. has a 52-week low of $7.48 and a 52-week high of $10.46. The stock’s 50 day moving average is $9.37 and its 200 day moving average is $9.74.

Capstead Mortgage Corp. (NYSE:CMO) last announced its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.05. Capstead Mortgage Corp. had a return on equity of 8.89% and a net margin of 42.49%. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities analysts expect that Capstead Mortgage Corp. will post $0.80 EPS for the current year.

In related news, Director Michael G. Oneil sold 8,000 shares of Capstead Mortgage Corp. stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $9.52, for a total transaction of $76,160.00. Following the completion of the transaction, the director now directly owns 59,087 shares of the company’s stock, valued at approximately $562,508.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors boosted its position in shares of Capstead Mortgage Corp. by 8.0% in the third quarter. BlackRock Fund Advisors now owns 9,145,553 shares of the real estate investment trust’s stock worth $86,243,000 after buying an additional 679,873 shares during the period. Vanguard Group Inc. boosted its position in shares of Capstead Mortgage Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 7,556,498 shares of the real estate investment trust’s stock worth $73,298,000 after buying an additional 234,873 shares during the period. Paradice Investment Management LLC boosted its position in shares of Capstead Mortgage Corp. by 14.9% in the second quarter. Paradice Investment Management LLC now owns 3,948,544 shares of the real estate investment trust’s stock worth $38,301,000 after buying an additional 512,400 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Capstead Mortgage Corp. by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,428,733 shares of the real estate investment trust’s stock worth $22,903,000 after buying an additional 19,206 shares during the period. Finally, State Street Corp boosted its position in shares of Capstead Mortgage Corp. by 0.3% in the second quarter. State Street Corp now owns 2,378,046 shares of the real estate investment trust’s stock worth $23,070,000 after buying an additional 7,134 shares during the period. 66.67% of the stock is owned by institutional investors.

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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