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

Several research firms recently weighed in on CMO. Zacks Investment Research downgraded Capstead Mortgage Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Wells Fargo & Co. upgraded Capstead Mortgage Corp. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods set a $9.50 target price on Capstead Mortgage Corp. and gave the stock a “market perform” rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.75.

The company has a 50-day moving average price of $10.08 and a 200-day moving average price of $9.81. The stock has a market cap of $956.04 million and a P/E ratio of 11.58.

Capstead Mortgage Corp. (NYSE:CMO) last issued its quarterly earnings results 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. During the same quarter in the prior year, the business posted $0.22 earnings per share. Analysts anticipate that Capstead Mortgage Corp. will post $0.83 earnings per share for the current year.

An institutional investor recently raised its position in Capstead Mortgage Corp. stock. California Public Employees Retirement System boosted its stake in shares of Capstead Mortgage Corp. (NYSE:CMO) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 290,300 shares of the real estate investment trust’s stock after buying an additional 10,500 shares during the period. California Public Employees Retirement System owned 0.30% of Capstead Mortgage Corp. worth $2,537,000 at the end of the most recent quarter.

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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