Capital Trust (NYSE:BXMT) was downgraded by equities researchers at Keefe, Bruyette & Woods to a “market perform” rating in a report released on Thursday, The Fly reports.

Several other brokerages have also recently issued reports on BXMT. B. Riley reissued a “buy” rating and issued a $33.00 price objective on shares of Capital Trust in a research note on Friday, December 1st. Wells Fargo & Company started coverage on shares of Capital Trust in a research note on Wednesday. They set an “outperform” rating on the stock. FBR & Co upped their price target on shares of Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, October 30th. Finally, BidaskClub raised shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.80.

Shares of Capital Trust (BXMT) traded up $0.25 on Thursday, reaching $32.59. 1,556,256 shares of the company’s stock traded hands, compared to its average volume of 681,464. The firm has a market cap of $3,440.00, a PE ratio of 14.07 and a beta of 0.69. Capital Trust has a 12 month low of $29.76 and a 12 month high of $32.96.

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 (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $74.35 million. Capital Trust had a net margin of 53.85% and a return on equity of 8.63%. Capital Trust’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. sell-side analysts forecast that Capital Trust will post 2.28 EPS for the current fiscal year.

In other Capital Trust 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 transaction, the treasurer now directly owns 49,561 shares in the company, valued at approximately $1,579,013.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction, the chief financial officer now owns 15,504 shares in the company, valued at $495,352.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,516 shares of company stock worth $208,100. 0.91% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in BXMT. Advisory Services Network LLC purchased a new position in shares of Capital Trust during the 1st quarter worth about $108,000. Security National Trust Co. lifted its holdings in shares of Capital Trust by 115.0% during the 1st quarter. Security National Trust Co. now owns 4,300 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 2,300 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Capital Trust by 27.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,276 shares of the real estate investment trust’s stock worth $156,000 after acquiring an additional 1,126 shares during the period. Legal & General Group Plc lifted its holdings in shares of Capital Trust by 25.3% during the 1st quarter. Legal & General Group Plc now owns 6,736 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 1,359 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Capital Trust by 188.1% during the 2nd quarter. IFP Advisors Inc now owns 6,532 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 4,265 shares during the period. Institutional investors and hedge funds own 60.37% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Capital Trust (NYSE:BXMT)

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