Douglas N. Armer Sells 565 Shares of Capital Trust, Inc. (BXMT) Stock
Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 565 shares of Capital Trust stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.90, for a total value of $18,023.50. Following the completion of the sale, the treasurer now directly owns 53,219 shares in the company, valued at approximately $1,697,686.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Capital Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Capital Trust had a net margin of 53.85% and a return on equity of 8.63%. The firm had revenue of $78.60 million for the quarter, compared to analyst estimates of $74.35 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.62 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.79%. Capital Trust’s dividend payout ratio is currently 110.22%.
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Several hedge funds and other institutional investors have recently made changes to their positions in BXMT. BlackRock Inc. raised its holdings 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 valued at $129,284,000 after purchasing an additional 4,175,535 shares during the period. Vanguard Group Inc. raised its holdings 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 valued at $224,927,000 after purchasing an additional 392,562 shares during the period. Renaissance Technologies LLC raised its holdings 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 valued at $17,436,000 after purchasing an additional 382,560 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Capital Trust during the second quarter valued at about $3,700,000. Finally, Principal Financial Group Inc. raised its holdings 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 valued at $6,600,000 after purchasing an additional 71,096 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.
BXMT has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Capital Trust in a research note on Tuesday, July 4th. BidaskClub downgraded Capital Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded Capital Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, FBR & Co lifted their price target on Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Capital Trust currently has an average rating of “Hold” and a consensus target price of $34.00.
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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