Capital Trust, Inc. (BXMT) Given Average Rating of “Hold” by Analysts
Shares of Capital Trust, Inc. (NYSE:BXMT) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.50.
BXMT has been the topic of several research analyst reports. BidaskClub lowered Capital Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Capital Trust in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Capital Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th.
Capital Trust (NYSE:BXMT) opened at 31.29 on Wednesday. Capital Trust has a 12-month low of $28.40 and a 12-month high of $32.47. The company has a 50 day moving average price of $31.19 and a 200-day moving average price of $31.12. The company has a market capitalization of $2.97 billion, a PE ratio of 13.45 and a beta of 0.73.
Capital Trust (NYSE:BXMT) last released 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 analyst estimates of $74.82 million. Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. During the same period last year, the business earned $0.67 earnings per share. On average, analysts anticipate that Capital Trust will post $2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 7.93%. The ex-dividend date is Thursday, September 28th. Capital Trust’s dividend payout ratio (DPR) is presently 106.44%.
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Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Capital Trust by 11.3% in the first 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 in the last quarter. Green Square Capital LLC boosted its stake 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 valued at $235,000 after purchasing an additional 465 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Capital Trust during the first quarter valued at about $345,000. Karp Capital Management Corp acquired a new stake in shares of Capital Trust during the first quarter valued at about $415,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Capital Trust by 59.4% during the first quarter. Oppenheimer & Co. Inc. now owns 13,910 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 5,185 shares in the last quarter. 61.26% of the stock is currently owned by institutional investors and hedge funds.
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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