Keefe, Bruyette & Woods cut shares of Capital Trust (NYSE:BXMT) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.
A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company began coverage on Capital Trust in a research report on Wednesday. They set an outperform rating on the stock. B. Riley reissued a buy rating and set a $33.00 price target on shares of Capital Trust in a research report on Friday, December 1st. Zacks Investment Research downgraded Capital Trust from a buy rating to a hold rating in a research report on Tuesday, October 31st. FBR & Co boosted their price target on Capital Trust from $32.00 to $33.00 and gave the stock a buy rating in a research report on Thursday, October 26th. Finally, BidaskClub raised Capital Trust from a sell rating to a hold rating in a research report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $33.80.
Capital Trust (BXMT) traded down $0.05 during trading hours on Thursday, hitting $32.54. The company had a trading volume of 1,349,691 shares, compared to its average volume of 1,030,948. The firm has a market capitalization of $3,437.14, a P/E ratio of 14.21 and a beta of 0.70. Capital Trust has a twelve month low of $29.76 and a twelve month high of $32.96.
Capital Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $78.60 million for 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 business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. equities analysts anticipate that Capital Trust will post 2.28 EPS for the current fiscal year.
In other news, Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the transaction, the treasurer now owns 49,561 shares of the company’s stock, 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. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total value of $34,186.50. Following the completion of the transaction, the chief financial officer now directly owns 15,504 shares in the company, valued at approximately $495,352.80. The disclosure for this sale can be found here. Insiders sold 6,516 shares of company stock worth $208,100 in the last ninety days. 0.91% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of BXMT. Russell Investments Group Ltd. bought a new stake in shares of Capital Trust in the second quarter valued at approximately $3,700,000. SG Americas Securities LLC bought a new stake in shares of Capital Trust in the third quarter valued at approximately $422,000. Blackstone Group L.P. boosted its stake in shares of Capital Trust by 14.4% in the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after buying an additional 663,846 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Capital Trust in the third quarter valued at approximately $284,000. Finally, Janney Capital Management LLC bought a new stake in shares of Capital Trust in the third quarter valued at approximately $620,000. Institutional investors and hedge funds own 60.37% of the company’s stock.
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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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