Capital Trust, Inc. (NYSE:BXMT) has received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.50.
Several analysts have recently commented on BXMT shares. Zacks Investment Research lowered Capital Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 price objective on shares of Capital Trust in a report on Thursday, August 10th. Finally, BidaskClub upgraded Capital Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th.
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A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake in Capital Trust by 0.6% in the 1st quarter. US Bancorp DE now owns 19,783 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 124 shares during the last quarter. Ngam Advisors L.P. raised its stake in Capital Trust by 2.0% in the 1st quarter. Ngam Advisors L.P. now owns 17,124 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 329 shares during the last quarter. Green Square Capital LLC raised its stake in Capital Trust by 6.7% in the 1st quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 465 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Capital Trust by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,367 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 544 shares during the last quarter. Finally, Golub Group LLC raised its stake in Capital Trust by 1.4% in the 1st quarter. Golub Group LLC now owns 40,405 shares of the real estate investment trust’s stock worth $1,251,000 after acquiring an additional 545 shares during the last quarter. Institutional investors own 61.26% of the company’s stock.
Capital Trust (NYSE:BXMT) traded up 0.03% during mid-day trading on Friday, hitting $31.22. The company’s stock had a trading volume of 557,690 shares. The company has a market cap of $2.96 billion, a P/E ratio of 13.42 and a beta of 0.80. Capital Trust has a 12-month low of $27.89 and a 12-month high of $32.47. The firm’s 50-day moving average is $31.07 and its 200-day moving average is $31.03.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. The business had revenue of $72.47 million for the quarter, compared to analysts’ expectations of $74.82 million. During the same quarter in the prior year, the company posted $0.67 EPS. Analysts predict that Capital Trust will post $2.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.94%. Capital Trust’s dividend payout ratio is presently 106.44%.
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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