Capstead Mortgage Corp. (NYSE:CMO) shares traded down 1.8% on Friday . The company traded as low as $9.94 and last traded at $9.97, with a volume of 384,183 shares trading hands. The stock had previously closed at $10.15.

Several research firms have commented on CMO. Zacks Investment Research cut shares of Capstead Mortgage Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Wells Fargo & Co. upgraded shares of Capstead Mortgage Corp. from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 11th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.75.

The stock’s 50-day moving average is $10.07 and its 200 day moving average is $9.81. The company has a market capitalization of $956.04 million and a price-to-earnings ratio of 11.58.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. During the same period last year, the firm posted $0.22 EPS. On average, equities analysts expect that Capstead Mortgage Corp. will post $0.83 earnings per share for the current year.

A hedge fund recently raised its stake in Capstead Mortgage Corp. stock. State of New Jersey Common Pension Fund D increased its stake in Capstead Mortgage Corp. (NYSE:CMO) by 45.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,000 shares of the real estate investment trust’s stock after buying an additional 165,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.55% of Capstead Mortgage Corp. worth $4,632,000 as of its most recent filing with the SEC.

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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