RBC Capital lowered their price objective on shares of Capstead Mortgage Corp. (NYSE:CMO) from $14.00 to $13.00 in a research note issued on Friday, Stock Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price suggests a potential upside of 10.17% from the stock’s previous close.
A number of other firms have also recently commented on CMO. Analysts at Zacks downgraded shares of Capstead Mortgage Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $11.20 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Capstead Mortgage Corp. from $13.50 to $12.35 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Capstead Mortgage Corp. in a research note to investors on Thursday. They now have a $11.75 price target on the stock, down previously from $12.25. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.54.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded down 0.25% during mid-day trading on Friday, hitting $11.80. The stock had a trading volume of 726,706 shares. Capstead Mortgage Corp. has a 1-year low of $10.81 and a 1-year high of $14.59. The stock has a 50-day moving average of $11.77 and a 200-day moving average of $12.33. The company has a market cap of $1.130 billion and a P/E ratio of 11.63.
Capstead Mortgage Corp. (NYSE:CMO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.09. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts predict that Capstead Mortgage Corp. will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 18th. Stockholders of record on Monday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.51%. The ex-dividend date of this dividend is Thursday, September 26th.
Capstead Mortgage Corporation (NYSE:CMO) operates as a self-managed real estate investment trust (REIT).
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