Investment analysts at Wells Fargo & Company began coverage on shares of Capital Trust (NYSE:BXMT) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set an “outperform” rating on the real estate investment trust’s stock.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, October 30th. BidaskClub downgraded shares of Capital Trust from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a report on Friday, September 15th. FBR & Co upped their target price on shares of Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, B. Riley reaffirmed a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.80.

Shares of Capital Trust (NYSE BXMT) traded up $0.13 during mid-day trading on Wednesday, hitting $32.34. 1,801,948 shares of the company were exchanged, compared to its average volume of 677,742. The firm has a market capitalization of $3,403.35, a P/E ratio of 14.07 and a beta of 0.70. Capital Trust has a 12-month low of $29.76 and a 12-month high of $32.96.

Capital Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) 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 company had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Capital Trust’s revenue for the quarter was down 5.1% on a year-over-year basis. analysts forecast that Capital Trust will post 2.28 earnings per share for the current year.

In other news, Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,579,013.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total transaction of $34,186.50. Following the completion of the sale, the chief financial officer now directly owns 15,504 shares of the company’s stock, valued at $495,352.80. The disclosure for this sale can be found here. Insiders sold 6,516 shares of company stock valued at $208,100 over the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Large investors have recently made changes to their positions in the company. Blackstone Group L.P. raised its holdings in Capital Trust by 14.4% during the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock worth $163,276,000 after purchasing an additional 663,846 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Capital Trust during the second quarter worth about $3,700,000. Janney Capital Management LLC purchased a new position in Capital Trust during the third quarter worth about $620,000. SG Americas Securities LLC purchased a new position in Capital Trust during the third quarter worth about $422,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Capital Trust during the third quarter worth about $284,000. 60.37% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Capital Trust (NYSE:BXMT)

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