Capital Trust (NYSE:BXMT)‘s stock had its “buy” rating reaffirmed by B. Riley in a research report issued to clients and investors on Friday. They currently have a $33.00 target price on the real estate investment trust’s stock. B. Riley’s price target suggests a potential upside of 0.86% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, October 30th. BidaskClub cut Capital Trust from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.00 price target on shares of Capital Trust in a report on Friday, September 15th. Finally, FBR & Co upped their price target on Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.80.

Capital Trust (NYSE BXMT) traded down $0.14 during midday trading on Friday, reaching $32.72. The company’s stock had a trading volume of 668,400 shares, compared to its average volume of 636,176. Capital Trust has a 52 week low of $29.73 and a 52 week high of $32.96. The firm has a market cap of $3,040.00, a PE ratio of 14.30 and a beta of 0.69.

Capital Trust (NYSE:BXMT) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) 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 quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. equities research analysts forecast that Capital Trust will post 2.28 EPS for the current year.

In related news, CFO Anthony F. Marone, Jr. sold 1,070 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.95, for a total value of $34,186.50. Following the sale, the chief financial officer now owns 15,504 shares of the company’s stock, valued at approximately $495,352.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the sale, the treasurer now directly owns 49,561 shares in the company, valued at approximately $1,579,013.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,165 shares of company stock worth $196,579. Insiders own 0.91% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in shares of Capital Trust during the 3rd quarter worth $203,000. Legal & General Group Plc lifted its stake in shares of Capital Trust by 91.4% during the 1st quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock worth $516,000 after purchasing an additional 7,957 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Capital Trust during the 3rd quarter worth $284,000. SG Americas Securities LLC purchased a new position in shares of Capital Trust during the 3rd quarter worth $422,000. Finally, Janney Capital Management LLC purchased a new position in shares of Capital Trust during the 3rd quarter worth $620,000. 60.37% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Capital Trust (NYSE:BXMT)

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