The stock of Capstead Mortgage Corporation (NYSE:CMO) hit a new 52-week high and has $11.41 target or 9.00% above today’s $10.47 share price. The 6 months bullish chart indicates low risk for the $1000.00 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $11.41 price target is reached, the company will be worth $90.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 354,123 shares traded hands. Capstead Mortgage Corporation (NYSE:CMO) has risen 5.71% since April 26, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.
Analysts await Capstead Mortgage Corporation (NYSE:CMO) to report earnings on January, 25. They expect $0.20 EPS, down 23.08% or $0.06 from last year’s $0.26 per share. CMO’s profit will be $19.10 million for 13.09 P/E if the $0.20 EPS becomes a reality. After $0.16 actual EPS reported by Capstead Mortgage Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
Capstead Mortgage Corporation (NYSE:CMO) Ratings Coverage
Out of 3 analysts covering Capstead Mortgage (NYSE:CMO), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Capstead Mortgage has been the topic of 8 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Capstead Mortgage Corporation (NYSE:CMO) on Friday, July 31 with “Hold” rating. Maxim Group maintained it with “Buy” rating and $11.50 target price in Friday, January 29 report. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, April 11 report. Wells Fargo upgraded Capstead Mortgage Corporation (NYSE:CMO) on Wednesday, May 11 to “Outperform” rating. As per Friday, July 31, the company rating was maintained by Maxim Group. The rating was maintained by M Partners with “Sell” on Tuesday, August 11.
According to Zacks Investment Research, “Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead’s core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.13, from 1.27 in 2016Q1. The ratio is negative, as 16 funds sold all Capstead Mortgage Corporation shares owned while 47 reduced positions. 16 funds bought stakes while 64 increased positions. They now own 59.75 million shares or 4.31% less from 62.44 million shares in 2016Q1.
Glob Endowment Mgmt L P last reported 20,000 shares in the company. Segall Bryant And Hamill Limited Liability has 0.05% invested in the company for 196,626 shares. Teachers Retirement Of The State Of Kentucky accumulated 43,900 shares or 0.01% of the stock. Teacher Retirement System Of Texas accumulated 0% or 13,387 shares. Vanguard Gru has 0% invested in the company for 7.56M shares. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Century Capital Mgmt Ltd Liability Corporation has 0.13% invested in the company for 116,908 shares. Profund Advsr accumulated 30,994 shares or 0.01% of the stock. The California-based Los Angeles Equity Rech has invested 0.01% in Capstead Mortgage Corporation (NYSE:CMO). Glenmede Trust Na has 0% invested in the company for 118 shares. Pinebridge L P holds 12,169 shares or 0.01% of its portfolio. California State Teachers Retirement holds 0% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO) for 200,598 shares. Analytic Investors Limited Com reported 278,286 shares or 0.03% of all its holdings. Tocqueville Asset Mngmt Lp has 14,200 shares for 0% of their US portfolio. Ameriprise Inc holds 0% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO) for 513,306 shares.
Insider Transactions: Since November 4, 2016, the stock had 0 buys, and 1 insider sale for $76,128 net activity. ONEIL MICHAEL G also sold $76,128 worth of Capstead Mortgage Corporation (NYSE:CMO) on Friday, November 4.
More notable recent Capstead Mortgage Corporation (NYSE:CMO) news were published by: Seekingalpha.com which released: “Congratulations To Capstead Mortgage Corporation” on November 29, 2016, also Marketwatch.com with their article: “Capstead Mortgage upgraded to outperform from market perform at Wells Fargo” published on November 09, 2009, Businesswire.com published: “Capstead Mortgage Corporation Announces Third Quarter 2016 Results” on October 26, 2016. More interesting news about Capstead Mortgage Corporation (NYSE:CMO) were released by: Seekingalpha.com and their article: “Buy The 10% Yield From Capstead Mortgage Corporation” published on October 24, 2016 as well as Seekingalpha.com‘s news article titled: “Earnings Analysis For Capstead Mortgage Corporation And Its Dividend” with publication date: October 27, 2016.
CMO Company Profile
Capstead Mortgage Corporation, incorporated on April 15, 1985, is a self-managed real estate investment trust (REIT). The Firm invests in a leveraged portfolio of residential mortgage pass-through securities consisting 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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