Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 3,658 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the transaction, the treasurer now directly owns 49,561 shares in the company, valued at $1,579,013.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Capital Trust, Inc. (BXMT) opened at $31.81 on Friday. The firm has a market capitalization of $3,016.48, a PE ratio of 13.89 and a beta of 0.69. Capital Trust, Inc. has a 52 week low of $29.09 and a 52 week high of $32.47.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. The business 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%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. research analysts forecast that Capital Trust, Inc. will post 2.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.62 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 7.80%. Capital Trust’s dividend payout ratio (DPR) is 110.22%.
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Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Capital Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub downgraded Capital Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. FBR & Co raised their target price on Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $33.00 target price on shares of Capital Trust in a research note on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.00.
A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Capital Trust in the third quarter worth about $422,000. Moody Lynn & Lieberson LLC grew its stake in Capital Trust by 2.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock worth $3,308,000 after purchasing an additional 2,220 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Capital Trust in the second quarter worth about $3,700,000. Advisors Capital Management LLC grew its stake 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 worth $27,911,000 after purchasing an additional 38,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Capital Trust by 17.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 241,201 shares of the real estate investment trust’s stock worth $7,468,000 after purchasing an additional 36,135 shares in the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.
About Capital Trust
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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