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. See all 52-week high stocks or get investment ideas from our investment research center.