BidaskClub Downgrades Capital Trust, Inc. (BXMT) to Sell
Capital Trust, Inc. (NYSE:BXMT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.
Several other equities research analysts have also weighed in on BXMT. Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a report on Thursday, August 10th. Zacks Investment Research upgraded Capital Trust from a “sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.00.
Capital Trust (BXMT) traded down 0.26% during mid-day trading on Friday, hitting $30.86. 242,010 shares of the stock were exchanged. Capital Trust has a 52 week low of $27.89 and a 52 week high of $32.47. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 13.27 and a beta of 0.80. The company has a 50 day moving average price of $31.05 and a 200 day moving average price of $31.03.
Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. The company had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.82 million. During the same quarter last year, the firm posted $0.67 earnings per share. Analysts expect that Capital Trust will post $2.48 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Capital Trust during the first quarter worth approximately $108,000. PNC Financial Services Group Inc. lifted its holdings in shares of Capital Trust by 11.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,367 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 544 shares during the last quarter. WFG Advisors LP lifted its holdings in shares of Capital Trust by 785.7% during the first quarter. WFG Advisors LP now owns 6,200 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 5,500 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Capital Trust during the first quarter worth approximately $202,000. Finally, Green Square Capital LLC lifted its holdings in shares of Capital Trust by 6.7% during the first quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 465 shares during the last quarter. Institutional investors own 61.86% 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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