Capital Trust’s (BXMT) “Buy” Rating Reaffirmed at Keefe, Bruyette & Woods
Capital Trust, Inc. (NYSE:BXMT)‘s stock had its “buy” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $33.00 target price on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 5.91% from the company’s current price.
Several other brokerages have also weighed in on BXMT. Zacks Investment Research lowered Capital Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Capital Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.00.
Shares of Capital Trust (NYSE BXMT) traded up 0.42% during trading on Friday, hitting $31.16. The stock had a trading volume of 1,015,664 shares. Capital Trust has a 52-week low of $27.89 and a 52-week high of $32.47. The firm’s 50-day moving average is $31.05 and its 200 day moving average is $31.03. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 13.40 and a beta of 0.80.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.82 million. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts expect that Capital Trust will post $2.48 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BXMT. BlackRock Inc. boosted its position 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 during the period. Vanguard Group Inc. boosted its position 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 during the period. Renaissance Technologies LLC boosted its position 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 during the period. Clough Capital Partners L P boosted its position 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 during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Capital Trust during the second quarter worth $3,700,000. Institutional investors and hedge funds 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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