Capital Trust, Inc. (BXMT) Announces Quarterly Earnings Results
Capital Trust, Inc. (NYSE:BXMT) released its quarterly earnings data on Monday. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06, Bloomberg Earnings reports. Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. The company had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Capital Trust’s revenue for the quarter was down 5.1% on a year-over-year basis.
Shares of Capital Trust (BXMT) traded down 0.35% during midday trading on Tuesday, hitting $31.62. 621,804 shares of the stock traded hands. Capital Trust has a one year low of $29.00 and a one year high of $32.47. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 13.59 and a beta of 0.73. The firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $31.16.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.84%. Capital Trust’s dividend payout ratio (DPR) is 106.44%.
Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.00 price objective on shares of Capital Trust in a research note on Friday, September 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Capital Trust presently has an average rating of “Hold” and an average target price of $33.50.
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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