Zacks Investment Research upgraded shares of CAPSTEAD MTG (CMO) from UNDERPERFORM to NEUTRAL on February 04, 2013, with a target price of $12.70.
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead's core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on CAPSTEAD MTG (CMO),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment