Capstead Mortgage Corporation with ticker code (CMO) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 7 and 6.5 calculating the average target price we see 6.83. With the stocks previous close at 6.96 this would indicate that there is a downside of -1.9%. There is a 50 day moving average of 6.72 and the 200 day MA is 6.45. The market capitalisation for the company is $674m. Visit the company website at: http://www.capstead.com
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1985 and is headquartered in Dallas, Texas.
You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.