Capital Trust, Inc. (BXMT) Downgraded by Zacks Investment Research to Sell
Capital Trust, Inc. (NYSE:BXMT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. The company’s investment programs focuses on loans and securities backed by commercial real estate assets. Blackstone Mortgage Trust, Inc. formerly known as Capital Trust, Inc.is headquartered in New York. “
Several other research analysts also recently commented on BXMT. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Capital Trust in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Capital Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG lifted their target price on shares of Capital Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Capital Trust has a consensus rating of “Hold” and an average price target of $32.50.
Capital Trust (NYSE:BXMT) traded up 0.55% during midday trading on Wednesday, hitting $31.03. 790,527 shares of the stock were exchanged. Capital Trust has a 1-year low of $27.89 and a 1-year high of $32.47. The company’s 50 day moving average is $31.51 and its 200-day moving average is $30.99. The stock has a market cap of $2.94 billion, a PE ratio of 12.59 and a beta of 0.82.
Capital Trust (NYSE:BXMT) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.63 by $0.08. Capital Trust had a return on equity of 9.03% and a net margin of 65.18%. The firm had revenue of $71.84 million during the quarter, compared to analysts’ expectations of $76.62 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, analysts expect that Capital Trust will post $2.54 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of BXMT. Vanguard Group Inc. boosted its stake in shares of Capital Trust by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,265,081 shares of the real estate investment trust’s stock worth $224,927,000 after buying an additional 392,562 shares during the period. Blackstone Group L.P. boosted its stake in shares of Capital Trust by 1.9% in the first quarter. Blackstone Group L.P. now owns 4,574,376 shares of the real estate investment trust’s stock worth $141,623,000 after buying an additional 86,758 shares during the period. BlackRock Inc. boosted its stake in shares of Capital Trust by 1,288,745.4% in the first quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock worth $129,284,000 after buying an additional 4,175,535 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Capital Trust by 14.5% in the second quarter. Neuberger Berman Group LLC now owns 3,352,512 shares of the real estate investment trust’s stock worth $92,764,000 after buying an additional 423,904 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Capital Trust by 6.5% in the third quarter. BlackRock Fund Advisors now owns 2,491,060 shares of the real estate investment trust’s stock worth $73,362,000 after buying an additional 152,018 shares during the period. 63.68% of the stock is currently owned by institutional investors and hedge funds.
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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