KBW Has Outperform On Capstead Mortgage Corp. Following Earnings (CMO)

KBW has a Outperform rating and a $13.50 price target on shares of Capstead Mortgage Corp. CMO following the company's earnings report. In a note to investors, KBW writes, "CMO reported EPS of $0.41, in line with our estimate. Operating trends were solid and a decline in the net spread was offset by higher leverage. Book value increased to $12.15 from $12.02.We are maintaining our estimates and our Outperform rating." Shares of KBW closed at $13.21 yesterday.