Capital Trust, Inc. (NYSE:BXMT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. The company’s investment programs focuses on loans and securities backed by commercial real estate assets. Blackstone Mortgage Trust, Inc. formerly known as Capital Trust, Inc.is headquartered in New York. “

Several other analysts have also recently issued reports on the company. BidaskClub raised Capital Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Capital Trust in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.00.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The firm had revenue of $72.47 million for 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 period last year, the company earned $0.67 earnings per share.

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Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Capital Trust by 11.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,367 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 544 shares during the period. WFG Advisors LP raised its holdings in Capital Trust by 785.7% during the 1st quarter. WFG Advisors LP now owns 6,200 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,500 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Capital Trust during the 1st quarter valued at $202,000. Green Square Capital LLC raised its holdings in Capital Trust by 6.7% during the 1st quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 465 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in Capital Trust during the 1st quarter valued at $345,000. Institutional investors own 61.26% 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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Analyst Recommendations for Capital Trust (NYSE:BXMT)

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