Zacks Investment Research Upgrades Capital Trust, Inc. (BXMT) to “Buy”
Capital Trust, Inc. (NYSE:BXMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $36.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.54% from the stock’s previous close.
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. “
A number of other equities analysts also recently issued reports on BXMT. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Capital Trust in a report on Tuesday, July 4th. BidaskClub downgraded Capital Trust from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Finally, FBR & Co increased their price objective on Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.00.
Capital Trust (NYSE:BXMT) traded up 0.03% during mid-day trading on Monday, hitting $31.99. 342,692 shares of the stock traded hands. The company has a 50-day moving average of $31.36 and a 200 day moving average of $31.18. The firm has a market capitalization of $3.03 billion, a P/E ratio of 13.75 and a beta of 0.73. Capital Trust has a 1-year low of $29.00 and a 1-year high of $32.47.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, equities research analysts anticipate that Capital Trust will post $2.53 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Capital Trust by 11.3% during 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 acquiring an additional 544 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of Capital Trust during the first quarter valued at $345,000. Jane Street Group LLC increased its holdings in shares of Capital Trust by 51.2% during the first quarter. Jane Street Group LLC now owns 14,127 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 4,782 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Capital Trust by 91.4% during the first quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 7,957 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its holdings in shares of Capital Trust by 2.2% during the second quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 2,220 shares in the last quarter. Institutional investors and hedge funds own 61.38% 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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