Capital Trust, Inc. (BXMT) Given Average Recommendation of “Hold” by Brokerages
Shares of Capital Trust, Inc. (NYSE:BXMT) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.50.
BXMT has been the subject of several recent research reports. BidaskClub raised shares of Capital Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Capital Trust in a research report on Tuesday, July 4th. Finally, Zacks Investment Research lowered shares of Capital Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
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Several hedge funds and other institutional investors have recently bought and sold shares of BXMT. BlackRock Inc. increased its holdings in shares of Capital Trust by 1,288,745.4% during 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital Trust by 5.7% during 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 in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Capital Trust by 211.8% during the first quarter. Renaissance Technologies LLC now owns 563,180 shares of the real estate investment trust’s stock worth $17,436,000 after buying an additional 382,560 shares in the last quarter. Clough Capital Partners L P increased its holdings in shares of Capital Trust by 19.8% during the first quarter. Clough Capital Partners L P now owns 1,032,400 shares of the real estate investment trust’s stock worth $31,963,000 after buying an additional 170,903 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Capital Trust during the second quarter worth approximately $3,700,000. 61.86% of the stock is owned by institutional investors.
Capital Trust (BXMT) opened at 31.16 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 13.40 and a beta of 0.80. Capital Trust has a 12-month low of $27.89 and a 12-month high of $32.47. The stock’s 50 day moving average price is $31.05 and its 200 day moving average price is $31.03.
Capital Trust (NYSE:BXMT) last posted 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). Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. The business had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.82 million. During the same period last year, the company earned $0.67 EPS. On average, equities research analysts anticipate that Capital Trust will post $2.48 earnings per share for the current fiscal year.
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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