Capstead Reaches New 52-Week High (CMO)

NEW YORK ( TheStreet) -- Capstead Mortgage Corporation (NYSE: CMO) hit a new 52-week high Friday as it is currently trading at $14, above its previous 52-week high of $13.98 with 197,955 shares traded as of 10:09 a.m. ET. Average volume has been 816,000 shares over the past 30 days.

Capstead has a market cap of $1.3 billion and is part of the financial sector and real estate industry. Shares are up 11% year to date as of the close of trading on Thursday.

Capstead Mortgage Corporation operates as a self-managed real estate investment trust. The company has a P/E ratio of 7.8, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Capstead as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Capstead Ratings Report.

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