Capital Trust, Inc. (NYSE:BXMT) had its price target upped by FBR & Co from $32.00 to $33.00 in a research note published on Thursday. They currently have a buy rating on the real estate investment trust’s stock.
BXMT has been the subject of several other research reports. BidaskClub downgraded Capital Trust from a strong-buy rating to a buy rating in a research report on Saturday, July 8th. Zacks Investment Research raised Capital Trust from a sell rating to a hold rating in a research report on Thursday, September 14th. Finally, Keefe, Bruyette & Woods reissued an outperform rating on shares of Capital Trust in a research report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $33.33.
Capital Trust (BXMT) traded up 1.01% during trading on Thursday, reaching $31.98. The company’s stock had a trading volume of 591,626 shares. Capital Trust has a 52 week low of $29.00 and a 52 week high of $32.47. The company has a market capitalization of $3.03 billion, a PE ratio of 13.75 and a beta of 0.73. The company has a 50 day moving average price of $31.36 and a 200-day moving average price of $31.18.
Capital Trust (NYSE:BXMT) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. Capital Trust’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. Equities research analysts anticipate that Capital Trust will post $2.52 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date was Thursday, September 28th. Capital Trust’s dividend payout ratio is currently 110.22%.
Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its holdings in Capital Trust by 91.4% in the first quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 7,957 shares during the last quarter. BlackRock Inc. boosted its holdings in Capital Trust by 1,288,745.4% in the first quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock valued at $129,284,000 after acquiring an additional 4,175,535 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Capital Trust in the second quarter valued at $3,700,000. Advisors Capital Management LLC boosted its holdings in Capital Trust by 4.6% in the second quarter. Advisors Capital Management LLC now owns 883,247 shares of the real estate investment trust’s stock valued at $27,911,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Capital Trust by 51.2% in the first quarter. Jane Street Group LLC now owns 14,127 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 4,782 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.
Capital Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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