Capital Trust (BXMT) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Capital Trust (NYSE:BXMT) in a research note published on Wednesday. The firm issued an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on BXMT. Keefe, Bruyette & Woods restated a buy rating and set a $33.00 price objective on shares of Capital Trust in a research report on Thursday, August 10th. Zacks Investment Research raised Capital Trust from a sell rating to a hold rating in a research note on Tuesday, September 5th. FBR & Co boosted their price target on Capital Trust from $32.00 to $33.00 and gave the company a buy rating in a research note on Thursday, October 26th. BidaskClub lowered Capital Trust from a hold rating to a sell rating in a research note on Friday, September 8th. Finally, B. Riley reaffirmed a buy rating and issued a $33.00 price target on shares of Capital Trust in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $33.80.

Capital Trust (BXMT) traded up $0.13 on Wednesday, hitting $32.34. The stock had a trading volume of 1,801,900 shares, compared to its average volume of 677,742. The company has a market capitalization of $3,440.00, a PE ratio of 14.07 and a beta of 0.69. Capital Trust has a 1-year low of $29.76 and a 1-year high of $32.96.

Capital Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $74.35 million. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. Capital Trust’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. sell-side analysts forecast that Capital Trust will post 2.28 EPS for the current year.

In other Capital Trust news, CFO Anthony F. Marone, Jr. sold 1,070 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.95, for a total value of $34,186.50. Following the transaction, the chief financial officer now owns 15,504 shares of the company’s stock, valued at $495,352.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Douglas N. Armer sold 3,658 shares of the business’s stock in a transaction 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 completion of the transaction, the treasurer now directly owns 49,561 shares in the company, valued at approximately $1,579,013.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,516 shares of company stock worth $208,100. 0.91% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in Capital Trust in the third quarter worth $203,000. Cubist Systematic Strategies LLC acquired a new position in Capital Trust in the third quarter worth $284,000. SG Americas Securities LLC acquired a new position in Capital Trust in the third quarter worth $422,000. Janney Capital Management LLC acquired a new position in Capital Trust in the third quarter worth $620,000. Finally, Russell Investments Group Ltd. acquired a new position in Capital Trust in the second quarter worth $3,700,000. 60.37% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Capital Trust (NYSE:BXMT)

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