Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer Sells 542 Shares
Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 542 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.70, for a total transaction of $16,639.40. Following the sale, the treasurer now directly owns 54,398 shares of the company’s stock, valued at approximately $1,670,018.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Capital Trust, Inc. (NYSE:BXMT) traded down 0.62% during mid-day trading on Tuesday, hitting $30.68. 905,982 shares of the stock were exchanged. The company has a market cap of $2.91 billion, a P/E ratio of 13.22 and a beta of 0.82. The company has a 50-day moving average price of $31.47 and a 200-day moving average price of $31.00. Capital Trust, Inc. has a one year low of $27.89 and a one year high of $32.47.
Capital Trust (NYSE:BXMT) last announced 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 Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.82 million. Capital Trust had a net margin of 62.32% and a return on equity of 8.76%. During the same quarter in the prior year, the business earned $0.67 EPS. Analysts forecast that Capital Trust, Inc. will post $2.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.08%. Capital Trust’s dividend payout ratio is presently 106.44%.
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A number of analysts have recently commented on the stock. BidaskClub cut shares of Capital Trust from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Capital Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Capital Trust in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG boosted 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 research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Capital Trust currently has an average rating of “Hold” and a consensus price target of $32.67.
Institutional investors have recently made changes to their positions in the stock. CAPROCK Group Inc. raised its stake in Capital Trust by 0.4% in the first quarter. CAPROCK Group Inc. now owns 10,670 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 41 shares in the last quarter. US Bancorp DE raised its stake in Capital Trust by 0.6% in the first quarter. US Bancorp DE now owns 19,783 shares of the real estate investment trust’s stock valued at $612,000 after buying an additional 124 shares in the last quarter. Ngam Advisors L.P. raised its stake in Capital Trust by 2.0% in the first quarter. Ngam Advisors L.P. now owns 17,124 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 329 shares in the last quarter. Pekin Singer Strauss Asset Management IL raised its stake in Capital Trust by 0.7% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 58,827 shares of the real estate investment trust’s stock valued at $1,821,000 after buying an additional 422 shares in the last quarter. Finally, Foster & Motley Inc. raised its stake in Capital Trust by 1.2% in the first quarter. Foster & Motley Inc. now owns 36,166 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 433 shares in the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.
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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