Keefe, Bruyette & Woods Upgrades Capstead Mortgage (CMO) to Outperform; Valuation Call
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Keefe, Bruyette & Woods upgrades Capstead Mortgage Corp. (NYSE: CMO) to Outperform. Price target $14.
Keefe analyst says, "We upgrade shares of CMO to Outperform on valuation. The shares are down by 18% from their peak. Book value increased 6% in 3Q and the shares are trading at 1.05x 3Q09 book value. The shares currently yield 17.5%. Our dividend forecast and $14 price target suggest total 12-month potential upside of 26.6%."
To see more analyst ratings on CMO Click Here.
Capstead Mortgage Corporation operates as a self-managed real estate investment trust.
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