In a report released today, Eric Hagen from KBW downgraded Capstead Mortgage (NYSE: CMO) to Sell, with a price target of $5.50. The company’s shares closed on Friday at $7.24, close to its 52-week low of $7.07.
According to TipRanks.com, Hagen is a 1-star analyst with an average return of -5.2% and a 62.5% success rate. Hagen covers the Financial sector, focusing on stocks such as Ellington Financial, Invesco Mortgage, and Dynex Capital.
Currently, the analyst consensus on Capstead Mortgage is a Moderate Sell with an average price target of $6.50.
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Capstead Mortgage’s market cap is currently $659.3M and has a P/E ratio of 15.08. The company has a Price to Book ratio of 0.76.
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Capstead Mortgage Corp. operates as a self-managed real estate investment trust. It invests in a leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
