Capital Trust, Inc. (NYSE:BXMT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other research analysts have also issued reports on BXMT. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Capital Trust in a research note on Tuesday, July 4th. Zacks Investment Research lowered shares of Capital Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.00.
Capital Trust (NYSE BXMT) opened at 31.51 on Tuesday. Capital Trust has a one year low of $27.89 and a one year high of $32.47. The stock’s 50 day moving average is $31.08 and its 200-day moving average is $31.04. The firm has a market capitalization of $2.99 billion, a PE ratio of 13.55 and a beta of 0.80.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The business had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.82 million. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, analysts anticipate that Capital Trust will post $2.48 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC increased its stake in Capital Trust by 2.2% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock valued at $3,308,000 after purchasing an additional 2,220 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Capital Trust during the 2nd quarter valued at about $3,700,000. Advisors Capital Management LLC increased its stake in Capital Trust by 4.6% during the 2nd quarter. Advisors Capital Management LLC now owns 883,247 shares of the real estate investment trust’s stock valued at $27,911,000 after purchasing an additional 38,500 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in Capital Trust by 2.7% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 255,971 shares of the real estate investment trust’s stock valued at $8,088,000 after purchasing an additional 6,682 shares in the last quarter. Finally, Green Square Capital LLC increased its stake in Capital Trust by 6.7% during the 1st quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 61.26% 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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