Capital Trust, Inc. (BXMT) Cut to Hold at Zacks Investment Research
Capital Trust, Inc. (NYSE:BXMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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 research analysts also recently issued reports on the company. BidaskClub downgraded Capital Trust from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $33.00 price target on shares of Capital Trust in a research report on Friday, September 15th. Finally, FBR & Co boosted their price target on Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Trust has a consensus rating of “Hold” and an average price target of $34.00.
Capital Trust (NYSE BXMT) traded down 0.50% during trading on Tuesday, reaching $31.83. The company had a trading volume of 644,064 shares. The firm’s 50 day moving average is $31.40 and its 200-day moving average is $31.19. Capital Trust has a 12 month low of $29.00 and a 12 month high of $32.47. The company has a market capitalization of $3.02 billion, a P/E ratio of 13.68 and a beta of 0.73.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. The firm had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Capital Trust will post $2.54 earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of BXMT. BlackRock Inc. lifted its stake 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 purchasing an additional 4,175,535 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 392,562 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 382,560 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Capital Trust during the second quarter worth about $3,700,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Capital Trust by 50.0% during the first quarter. Principal Financial Group Inc. now owns 213,187 shares of the real estate investment trust’s stock worth $6,600,000 after purchasing an additional 71,096 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.
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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