Capital Trust, Inc. (BXMT) Insider Thomas C. Ruffing Sells 567 Shares
Capital Trust, Inc. (NYSE:BXMT) insider Thomas C. Ruffing sold 567 shares of Capital Trust stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $31.92, for a total value of $18,098.64. Following the completion of the sale, the insider now directly owns 20,230 shares in the company, valued at $645,741.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Capital Trust, Inc. (NYSE:BXMT) traded up $0.05 during midday trading on Thursday, reaching $31.94. The company’s stock had a trading volume of 318,514 shares, compared to its average volume of 646,118. Capital Trust, Inc. has a 52 week low of $29.00 and a 52 week high of $32.47. The company has a market capitalization of $3,020.00, a PE ratio of 13.93 and a beta of 0.69.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $74.35 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. research analysts expect that Capital Trust, Inc. will post 2.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders 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 yield of 7.76%. Capital Trust’s payout ratio is currently 110.22%.
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A number of hedge funds and other institutional investors have recently modified their holdings of BXMT. PNC Financial Services Group Inc. increased its stake in 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 worth $166,000 after acquiring an additional 544 shares during the last quarter. KCG Holdings Inc. bought a new stake in Capital Trust during the first quarter worth approximately $345,000. SG Americas Securities LLC bought a new stake in Capital Trust during the third quarter worth approximately $422,000. Legal & General Group Plc increased its stake in 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 worth $516,000 after acquiring an additional 7,957 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in 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 worth $3,308,000 after acquiring an additional 2,220 shares during the last quarter. 61.25% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a report on Thursday, August 10th. BidaskClub raised Capital Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research raised Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, October 30th. Finally, FBR & Co lifted their target price on Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report 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. The stock has an average rating of “Hold” and an average target price of $34.00.
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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