Capital Trust, Inc. (BXMT) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Capital Trust, Inc. (NYSE:BXMT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.02, Bloomberg Earnings reports. Capital Trust had a net margin of 65.18% and a return on equity of 9.03%. During the same period in the previous year, the firm earned $0.67 EPS.
Shares of Capital Trust (BXMT) traded down 0.90% during mid-day trading on Tuesday, reaching $30.97. The company’s stock had a trading volume of 994,058 shares. Capital Trust has a 1-year low of $27.89 and a 1-year high of $32.47. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 12.57 and a beta of 0.82. The company’s 50 day moving average price is $31.51 and its 200-day moving average price is $30.99.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend was Wednesday, June 28th. Capital Trust’s payout ratio is currently 100.40%.
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BXMT has been the subject of several recent research reports. BidaskClub cut Capital Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG lifted their price target on Capital Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Capital Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Capital Trust in a research report on Thursday, April 6th. One research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.50.
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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